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Let’s dive into the bill: ▪️This “deal” normalizes record high spending started during the pandemic. It sets these spending levels as the baseline for all future spending. ▪️Govt grew massively over the past 3 years. This growth was supposed to be emergency funding only during COVID. During this time, govt grew 40% or by $2 trillion from 2019 to 2023. We went from spending just over $4T to spending just over $6T. ▪️After factoring in a small cut to discretionary spending over the next 2 yrs, we are still talking about ~$6T more or less in spending. In other words, it’s a wash. This deal keeps that record high spending intact and makes it the baseline for all spending. ▪️The bill doesn’t actually set a debt limit. Rather, it suspends the debt limit entirely until Jan. 2, 2025, and there is no actual amount capping the debt ceiling. Only in DC is a bill clawing back small amounts of unspent COVID funds considered a cut. Wild. Full thread: https://twitter.com/RepNancyMace/status/1663510647190040578