Democratic presidential candidate Marianne Williamson has criticized Kevin McCarthy, Speaker of the House of Representatives resolution on spending cuts He says it’s the poor he wants to pay for his vision of financial responsibility.
“You, Mr. Sprecher, are more than happy to spend ‘money we don’t have’ as long as it’s on tax cuts for the very wealthy or subsidies for your corporate donors. The only ones you want to make sacrifices for.” “The ill-made notion of ‘fiscal responsibility’ is the poor and disadvantaged,” Williamson said called in her response to McCarthy’s tweet.
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After a phone call, the speaker of the House of Representatives said he was not prepared to back down on spending cuts President Joe Biden. “I just got off the phone with the President while he’s out of the country. My position has not changed. Washington cannot continue to spend money we don’t have at the expense of children and grandchildren. Tomorrow he and I will meet in person.” “Continue negotiations,” McCarthy had tweeted.
The debt ceiling crisis is still unresolved following Monday’s meeting between Biden and McCarthy. The Speaker of the House said the meeting had been “productive” but reiterated it More work needs to be done. But despite the ongoing stalemate, the Nasdaq Composite closed at its highest level since August.
The SPDR S&P 500 ETF Trust SPY closed 0.04% higher on Monday, while the Invesco QQQ Trust Series 1 QQQ up 0.34% according to Benzinga Pro.
Take on the economy: Williamson has also spoken out against Biden’s economic policies, saying she agrees with the majority of Americans who believe the country is on the wrong track. “You know, the message from the President is basically that the economy is doing pretty well. The economy is doing pretty well for 20% of Americans,” she explained in one interview with News Nation.
“I think we’ve basically gone from democracy to oligarchy and have most of the wealth and, more importantly, the ability to create wealth in the hands of a very, very small group…”
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