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Speaker of the House Kevin McCarthy (R-Calif.) spoke at the New York Stock Exchange on Monday, revealing a budget plan that would allow a debt-ceiling increase and keep the federal government from facing default.

“Here’s the plan: The House will vote on a bill to lift the debt ceiling into next year, save taxpayers trillions of dollars, make us less dependent on China, and curb high inflation — all without touching Social Security or Medicare,” McCarthy tweeted.

McCarthy outlined spending cuts that he knows Republican House Freedom Caucus members are demanding in exchange for voting to raise the federal government’s $31.4 trillion debt ceiling. The budget plan seeks to cut spending back to last year’s levels, and cap future spending growth at one percent a year over the next 10 years.

[Source.](https://thenewamerican.com/mccarthy-seeks-spending-cuts-in-debt-ceiling-compromise/) > Speaker of the House Kevin McCarthy (R-Calif.) spoke at the New York Stock Exchange on Monday, revealing a budget plan that would allow a debt-ceiling increase and keep the federal government from facing default. > “Here’s the plan: The House will vote on a bill to lift the debt ceiling into next year, save taxpayers trillions of dollars, make us less dependent on China, and curb high inflation — all without touching Social Security or Medicare,” McCarthy tweeted. > McCarthy outlined spending cuts that he knows Republican House Freedom Caucus members are demanding in exchange for voting to raise the federal government’s $31.4 trillion debt ceiling. The budget plan seeks to cut spending back to last year’s levels, and cap future spending growth at one percent a year over the next 10 years.

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[–] 1 pt

We could remove most (if not all) of the three-letter agencies and the country would run better.