Experts have made clear seniors, veterans and the middle class will pay the price if Republicans force our nation to default – so too will the global economy:
“We have no doubt the world economy would fold with it,” [High Frequency Economics] warns. [National Journal, 7/25]
So why are Speaker Boehner and Republicans pushing yet another ideological plan that guarantees massive cuts for Social Security and Medicare beneficiaries and devastates the middle class? Is it because the GOP:
A. supports cuts to Medicare and Social Security benefits?
B. will do anything to protect the wealthiest 2 percent while putting 98 percent of Americans at risk?
C. doesn’t want to say yes to anything?
D. all the above?
And why are the Republicans pushing a short-term deal that could lead to a credit downgrade, higher interest rates, and a tax hike on every American – a proposal they opposed throughout the debate? Is it because the GOP:
A. is planning to repeat the crisis in 2012?
B. is willing to risk America’s future to protect Big Oil?
C. likes the attention from walking away from the negotiating table?
D. all the above?
Looks like Republicans get an ‘F’ for flip flopping on a short-term increase:
Majority Leader Eric Cantor – June 22, 2011: “’I don’t see how multiple votes on a debt ceiling increase can help get us to where we want to go’…’It is my preference that we do this thing one time…. Putting off tough decisions is not what people want in this town.’” [Politico, 6/22]
Majority Whip Kevin McCarthy – July 24, 2011: “McCarthy shied away from the idea of a short-term solution or a temporary debt ceiling increase in order to buy time on reaching an agreement on entitlement reforms.” [The Hill, 6/24]
Republican Conference Chairman Jeb Hensarling – May 3, 2011: “I don’t think the American people want tiny bites of the apple” with short-term debt limit increases… [Reuters, 5/3]
Ways and Means Committee Chairman Dave Camp – June 21, 2011: ‘It doesn’t give you certainty. Ideally you’d like to get that settled and not have it continually a hanging-over issue.’” [The Hill, 6/21]
Republican Study Committee Chairman Jim Jordan – July 5, 2011: Republican Study Committee head Rep. Jim Jordan (R-Ohio) is opposed to a short-term deal, as are many other RSC members, because he believes it will remove pressure for deep cuts and changes to the Constitution. [The Hill, 7/5]
The American people are smart – they know our economy and our future is on the line. It is past time for Republicans to stop playing games—and work with Democrats to reduce the deficit, create jobs, protect our seniors, strengthen our middle class, and grow our economy.