House Majority Leader Kevin McCarthy’s debt ceiling agreement was denounced by former White House Chief Strategist Steve Bannon as a “dumpster fire” for the United States during a furious session on Wednesday.
He asserted that the Biden administration is using the debt ceiling agreement as a political ploy to reinforce its extreme policies and restrict the ability of future conservative leadership to enact reform.
“By January 2025, President Trump and his potential return is going to have a dumpster fire with very limited, limited ability to do much. Not going to have tax cuts, no possibility of tax cuts. You’re going to have a very, very limited [capability]. And that’s what they want. They want to lock in all of the radical Biden regime, which is Obama’s third term,” Bannon declared.
Dumpster Fire 🔥 They want to lock in Obama’s third term pic.twitter.com/WxSxNzfFxD
— Karli Bonne’ (@KarliBonnita) May 31, 2023
According to Bannon, the business transaction is about a great deal more than just the debt. “That’s why right now, everything about yourself and self-reliance, you’ve got to hunker down on,” he continued. “Everything about yourself and self-reliance.” As a countermeasure to the economic irresponsibility of the government, Bannon urged for a greater focus on financial independence.
If you sign this today, you were signing your political death warrant pic.twitter.com/6Qxp1QFY8w
— Karli Bonne’ (@KarliBonnita) May 31, 2023
He criticized the government’s economic policies, saying, “I can’t understand how they run these deficits, have the Federal Reserve funded by printing money, and the rest of the world is revolting against that.” He was referring to the government’s spending habits.
The absence of public discourse regarding the nation’s finances, spending, balance sheet, and role of the Federal Reserve was bemoaned by Bannon. “We would actually have a discussion of why we have gone from a republic now to an empire and have a deep meaningful discussion with the left, with the centers and with the right, what this country needs from the people talking about it,” he said.
Both extremes of the political spectrum have opposed the accord, and there is debate regarding a purported understanding between McCarthy and hardline Republicans who have the authority to veto legislation.
Bannon cautioned that the choice by the government to postpone the issue of the debt past the election and into 2025 indicates a tremendous contempt for the people of the United States. He asked the general population to disregard the narratives that were being propagated by the media and to instead search for information from reliable sources such as Heritage, the Club for Growth, Freedom Works, Nancy Mace, and Byron Donaldson.
Bannon urged people to immediately oppose their lawmakers if they are in favor of the debt ceiling compromise. This was especially important for those living in red districts. “If you vote yes for this, I will make sure that you’re primaried. I will make sure you lose and I will make sure that you’re signing your political death warrant today when you vote yes on this,” he asserted.
This scary warning from Bannon mirrors the fears of a large number of conservatives who are extremely concerned about the path that the United States’ fiscal policy will take. It is not yet clear whether Bannon’s statements will be taken seriously by legislators or whether they will be able to change the course of the discussion around the debt ceiling.