Posted on 04/20/2023 6:18:42 AM PDT by ChicagoConservative27
During an interview with CBS News on Wednesday, Office of Management and Budget Director Shalanda Young responded to a push by House Republicans to claw back unspent COVID money in exchange for raising the debt ceiling by stating that the unspent COVID money is funding for things like small businesses, veterans, and pensions, but “we’re happy to have that conversation when they take default off the table” and the debate over clawing back the unspent COVID funds isn’t tied to the debt ceiling.
While discussing House Speaker Rep. Kevin McCarthy’s (R-CA) plan to raise the debt ceiling, CBS News Chief Washington Correspondent Major Garrett asked about various provisions in McCarthy’s plan and whether clawing back unspent COVID money is a “nonstarter?”
(Excerpt) Read more at breitbart.com ...
Veterans got Wu Hu Flu money ???
The US can not repay the debt with honest money having the value of at least that ‘borrowed’.
The Congress can “barrow” money under Article I, Section 8.
It can’t legally ‘borrow’ money it will never pay back.
[The news services don’t like extracts.]
“small businesses, veterans, and [underfunded union] pensions”
Guess which is the biggest amount.
Not recovering it hurts all taxpayers
Wow. That’s a tough one. Let me think about it
It was much, much more than that.
“Clawing” is the tell.
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