House Speaker Mike Johnson rejects concerns over Trump’s “big, beautiful bill”
The post House Speaker Mike Johnson rejects concerns over Trump’s “big, beautiful bill” appeared on BitcoinEthereumNews.com. House Speaker Mike Johnson insisted on Sunday that the “big, beautiful bill” the House approved last week will not lead to higher federal spending, despite criticism from fellow Republicans. Speaking on Fox News, Johnson answered comments made earlier on the show by Sen. Rand Paul of Kentucky. Paul described the cuts in the bill as “wimpy and anemic,” and said he would only back the bill if it did not drive up the national debt. “I think the cuts currently in the bill are wimpy and anemic,” Paul said, “but I still would support the bill even with wimpy and anemic cuts if they weren’t going to explode the debt.” The senator also insisted he would vote “no” unless the plan dropped its $4 trillion increase to the debt limit. Johnson pushed back, calling the debt ceiling hike “a critically important thing to do.” He said raising the limit does not mean the government plans to spend more money. “We’re extending the debt ceiling to show to creditors, the bond markets, the stock market, that Congress is serious about this,” he said. House Speaker Mike Johnson on Fox News Sunday. Source: Fox News He added that Trump himself fully supports the measure. “President Trump is dialed in 100 percent. He is a visionary leader. He does not want to spend more money. And he has the same concern about the national debt that Rand Paul and I do.” Johnson agreed with Paul that growing deficits pose a major threat, even to national security. Yet he argued that critics underestimate the scale of the proposed reductions. “This is the biggest spending cut, I think, in the history of government on planet Earth,” Johnson said. He conceded that the cuts are not enough on their own but said the effort marks the…
The post House Speaker Mike Johnson rejects concerns over Trump’s “big, beautiful bill” appeared on BitcoinEthereumNews.com.
House Speaker Mike Johnson insisted on Sunday that the “big, beautiful bill” the House approved last week will not lead to higher federal spending, despite criticism from fellow Republicans. Speaking on Fox News, Johnson answered comments made earlier on the show by Sen. Rand Paul of Kentucky. Paul described the cuts in the bill as “wimpy and anemic,” and said he would only back the bill if it did not drive up the national debt. “I think the cuts currently in the bill are wimpy and anemic,” Paul said, “but I still would support the bill even with wimpy and anemic cuts if they weren’t going to explode the debt.” The senator also insisted he would vote “no” unless the plan dropped its $4 trillion increase to the debt limit. Johnson pushed back, calling the debt ceiling hike “a critically important thing to do.” He said raising the limit does not mean the government plans to spend more money. “We’re extending the debt ceiling to show to creditors, the bond markets, the stock market, that Congress is serious about this,” he said. House Speaker Mike Johnson on Fox News Sunday. Source: Fox News He added that Trump himself fully supports the measure. “President Trump is dialed in 100 percent. He is a visionary leader. He does not want to spend more money. And he has the same concern about the national debt that Rand Paul and I do.” Johnson agreed with Paul that growing deficits pose a major threat, even to national security. Yet he argued that critics underestimate the scale of the proposed reductions. “This is the biggest spending cut, I think, in the history of government on planet Earth,” Johnson said. He conceded that the cuts are not enough on their own but said the effort marks the…
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