I don't know the details of the bill, but doesn't it simultaneously increase the credit limit (avoiding default), while cutting future spending? I don't see any inconsistency.
And that’s before pointing out that holding the nations credit hostage only happens by GOP legislators when there is a democrat president.
It’s political hypocrisy of the worst sort that has the most likelihood of hurting the most Americans of any decision the federal government can make.
Anyway, the "holding hostage" phrasing would make more sense if the House were using the debt ceiling issue to try to force action on some unrelated issue (eg, abortion). Linking the debt ceiling increase with future spending cuts is not that sort of thing.
The place to discuss future spending is during the appropriations process, by requiring it to happen now because of the debt ceiling is precisely holding the credit of the US hostage.
The American people would be much better off if there were no debt ceiling.
The debt limit is a chance for Republicans to force cuts, without having to take a stand on what programs need to be cut.