Ways and Means Democrats are sounding the alarm on yet another Republican debt ceiling game of chicken with its head cut off (that would be the Republicans, running around blindly and hysterically in circles, pretending they haven’t lost their heads). Yes, that’s right, tomorrow is the day they vote on their “China First” bill (H.R. 692), which is basically a plan to default on America but pay China.
Wave that flag.
Guess who will get screwed by Republicans? The Ways and Means Democrats warn the following might be defaulted on:
· Pay and benefits for 1.4 million active duty troops and 827,000 troops in reserves
· Benefits to almost 4 million disabled veterans who served their country with honor and now need our help to live
· Payment for health care for nearly 5.9 million veterans cared for at VA hospitals and health centers
· Education assistance for nearly 1.1 million veterans
· Home loan support for nearly 630,000 million veterans
· Earned payments to American small businesses, who earned more than $91 billion dollars for goods and services rendered last year, and used those dollars to support more than 550,000 jobs
· Payments to nearly 1 million doctors and other health care practitioners who provided health care to Medicare beneficiaries
· Payments to schools for nutritious meals – 30.5 million children participated in the school lunch program
· Payments to almost 50,000 National Institutes of Health grantees, who are conducting life-saving medical research and providing an estimated 300,000 jobs
The Treasury Department concurred, so it’s not just partisan fears (of course, Wall Street is shaking as Republicans take them to the brink again, and even the Murdoch-owned Wall Street Journal is also terrified, so definitely not just Democrats who are alarmed), “Prioritizing principal and interest would mean paying some of our creditors – many of whom are foreign institutions – while defaulting on across-the-board payments everywhere else. That would include payments to members of the military, veterans, and senior citizens. It would include payments on infrastructure projects. In this scenario that America defaults on its obligations, there would be no way to prevent significant disruptions and hardship for millions of Americans. Default would undermine confidence in the creditworthiness of the United States.”
Significant hardship is coming once again to Americans, courtesy of the same party that brought them the 2007 recession and 2008 great wipe out of their savings and retirement accounts. For what reason? Oh, just Republicans wishing they could defund the surest way to reduce the abortion rate because socking it to women is worth cratering the economy once again.
Republicans say this is about “spending”, but of course, the spending has already happened, what they are doing is refusing to pay for what they bought. And also, spending under Obama has only gone up 7.9%, which is not very much.
Would any sane person consider giving Republicans the White House again? George W Bush cratered the economy, and now Republicans are cutting holes in the rescue boat, tossing the life preservers over the side — not even saving any for their own. They’ve become total jihadists, out to get America no matter what.
Sarah has been credentialed to cover President Barack Obama, then VP Joe Biden, 2016 Democratic presidential candidate Hillary Clinton, and exclusively interviewed Speaker Nancy Pelosi multiple times and exclusively covered her first home appearance after the first impeachment of then President Donald Trump.
Sarah is two-time Telly award winning video producer and a member of the Society of Professional Journalists.
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