5/27/2023 Washington D.C. – In a stunning turn of events, the White House and House Republicans have struck an agreement to raise the debt ceiling and avoid a catastrophic default that could have plunged the world into a financial crisis. The deal, which was reached after weeks of tense negotiations and last-minute phone calls, includes a controversial and hefty price tag for President Joe Biden as a provision requires his adoption of the motto “We’re not asking for much, just your hard-earned cash” as part of his public messaging slogan for the rest of his term.
The motto, which was suggested by House Minority Leader Kevin McCarthy, was quickly embraced by the Republican caucus as a way to mock Biden’s spending plans and tax proposals. To the surprise and dismay of many Democrats, Biden reluctantly accepted the terms in exchange for a two-year suspension of the debt limit. According to sources familiar with the talks, Biden initially rejected the idea, but agreed to it after McCarthy threatened to walk away from the deal and let the country default. Sources say he had no choice but to compromise for the sake of the country.
The deal was not without its mishaps. One time Biden accidentally called McCarthy “Mitch”, confusing him with Senate Minority Leader Mitch McConnell. Another time, McCarthy brought a cake to the White House with the words “Happy Default Day” written on it, but Biden refused to cut it and instead gave it to his dog Major.
The motto has sparked outrage and ridicule from many Americans, who see it as a blatant admission of the government’s greed and incompetence. Some praised Biden for compromising and averting a disaster, while others criticized him for caving to Republican demands and betraying his campaign promises. Some also roasted Biden for his new motto, which they said was ironic and hypocritical given his plans to raise taxes on the wealthy and corporations. Some reactions include:
- “We’re not asking for much, just your hard earned cash? More like we’re not giving you much, just our debt and trash.” – Nancy, a nurse from Ohio.
- “I guess Biden finally found his backbone. Too bad it’s made of rubber.” – Jamal, a teacher from Georgia.
- “This motto is so bad, it makes me miss ‘Make America Great Again’.” – Maria, a student from California.
- “#WereNotAskingForMuchJustYourHardEarnedCash is trending on Twitter. So is #BidenResign, #McCarthyForPresident and #ImpeachThemAll.” – A tweet from @SocialMediaWatcher.
Some politicians have also weighed in on the motto:
- “I think it’s a great motto. It tells the truth about what this administration is doing to the American people. They’re not asking for much, just your hard-earned cash. And your freedom. And your dignity. And your future.” – Senator Ted Cruz (R-TX).
- “I’m proud of President Biden for accepting this motto. It shows his willingness to work across the aisle and his humility to admit his mistakes. He’s not asking for much, just your hard earned cash. And your trust. And your support. And your vote.” – Senator Joe Manchin (D-WV).
- “I don’t understand why everyone is so upset about this motto. It’s catchy, it’s honest, it’s funny. It’s not asking for much, just your hard-earned cash. And your laughter. And your applause. And your admiration.” – Representative Alexandria Ocasio-Cortez (D-NY).
For next steps, the deal in principle must pass Congress and signed by Biden before the X date of default; anywhere from June 1 to June 15th according to most experts.
Photo Credit: Craiyon AI
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