The GOP has taken over the US House, and after 15 votes has finally elected a Speaker, Kevin McCarthy. The first major test of his leadership came when the US Debt Limit needed to be raised the week of January 16th. If the Debt Limit was not raised, then the US will have to default on its loans. The GOP demanded DEEP cuts in entitlement programs, like Medicaid, Medicare and Social Security. What happened? What kind of deal was made? Do you agree with the outcome? Do you think that now would be a good time to make deep cuts, or not? (Why do we need to raise the Debt Limit? If we don;t, we’ll default on our loans, then the stock market will crash, and most likely a Recession, then Depression, etc… So a deal HAD to be made.) Be sure to include primary material of specific legislative leaders’ plans like McCarthy, Schumer, and others.
In the body of your paper be fair and balanced, leave your opinions until the conclusion. In your conclusion be sure to offer your suggestions for how you see this act affecting America in our future and if it will be a positive or negative affect, and in what way.
