Steve Hilton criticizes Treasury Secretary Janet Yellen for debt ceiling, calls for accountability and fiscal sanity.
Steve Hilton, the host of Fox News’ “The Next Revolution,” criticized U.S. Treasury Secretary Janet Yellen on Sunday for the government reaching its debt ceiling of $31.381 trillion. Yellen warned Congress to take swift action to prevent the government from defaulting on its obligations, but Hilton argued that Yellen should take responsibility for the “years of destruction” she has caused the American people.
House Republicans are demanding significant spending cuts before agreeing to raise the government’s borrowing limit, but the Biden administration is advocating for the debt ceiling to be raised without any conditions. Hilton argued that Democrats have lost sight of the drastic expansion of the debt in recent years and have failed to take responsibility for their actions.
The debt limit or debt ceiling is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations. These obligations include Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments.
Hilton argued that most of the federal workforce is not needed and is not even constitutional. He argued that Democrats and the media have lost sight of the fact that reducing spending is not a “right-wing fantasy” and that if the U.S. returned to the end of the Obama administration, spending would be cut by almost half.
Hilton’s criticism of Yellen highlights the tension between the Biden administration and House Republicans over the debt ceiling. The Biden administration is advocating for the debt ceiling to be raised without any conditions, while House Republicans are demanding significant spending cuts. This debate is likely to continue as the U.S. government struggles to manage its debt.