Speaker Johnson's spending criticism draws GOP doubts
House Speaker Kevin McCarthy pushed back, calling Johnson's criticism 'irresponsible and reckless'
Johnson says the U.S. is headed toward a 'fiscal cliff' unless spending is curbed
House Speaker Kevin McCarthy (R-Calif.) has dismissed criticism from Rep. Bill Johnson (R-Ohio) of the House Republican spending plan, calling it "irresponsible and reckless."
Johnson, chairman of the House Budget Committee, said in a speech last week that the U.S. is headed toward a "fiscal cliff" unless spending is curbed.
Johnson's plan would cut spending by $3 trillion over the next decade, including $1 trillion in cuts to Social Security and Medicare.
McCarthy, however, said Johnson's plan would "gut" Social Security and Medicare and "raise taxes on middle-class families."
The House GOP's spending plan is still in its early stages, and it is unclear whether it will be able to pass the Senate or be signed into law by President Joe Biden.
Here are some of the key points of contention between Johnson and McCarthy:
- Johnson says the U.S. is headed toward a "fiscal cliff" unless spending is curbed, while McCarthy says the economy is strong and there is no need for drastic cuts.
- Johnson's plan would cut spending by $3 trillion over the next decade, including $1 trillion in cuts to Social Security and Medicare, while McCarthy's plan does not include any cuts to Social Security or Medicare.
- McCarthy says Johnson's plan would "gut" Social Security and Medicare and "raise taxes on middle-class families," while Johnson says his plan is necessary to save these programs from insolvency.
The debate over spending is likely to continue as the House GOP develops its budget proposal.
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