"He is correct, and not only should the House go first, but must quickly show the American people what their plan actually is for avoiding a first-ever default on the national debt." "Leader McConnell said something yesterday that I think is right on the mark: He said that when it comes to moving a debt ceiling proposal through Congress, the House should go first," Schumer said on Wednesday. "If the MAGA GOP stops paying our nation’s bills, Americans pay the price.”ĭemocrats are also asking Republicans to pin down where exactly would budget cuts come from. “Playing brinksmanship, taking hostages is being risky and not caring about average people,” he added. “It’s clear, default would be a catastrophe for American working families,” Schumer said. They've also said that not raising the debt ceiling would have a devastating impact on the global economy.ĭemocrats warned that a default would be catastrophic for the American people, with Majority Leader Chuck Schumer, D-N.Y., on Wednesday accusing House Republicans on Tuesday of “recklessly flirt with default.” Democrats, on the other hand, argue that Congress has voted to raise the borrowing limit numerous times under presidents of both parties. Republicans want to tie a debt ceiling increase to spending cuts or other concessions from Democrats, saying that they would only raise the limit to secure an overhaul of federal spending. It also "makes an approximation of what the debt is based on the historical average" when Treasury is not updating the data, Massie explained. “"Inside of it is a battery and a small computer that logs on to the internet, goes to the Treasury’s website and gets the actual debt that they publish every day." The MIT graduate tells me he created this pin that displays the nation's debt to "induce a little bit of anxiety" among his colleagues adding that he thinks it's working. Kentucky Congressman is making a different kind of fashion statement. Massie, who represents Kentucky’s 4th Congressional District which stretches across Northern Kentucky and 280 miles of the Ohio River, is an inventor and entrepreneur with two engineering degrees from the Massachusetts Institute of Technology. to have some concern for the debt and it's actually working so far," Massie said, adding: "They were sort of appalled that they have to look at what they created." “I built it to induce a little bit of anxiety among my colleagues. Democrats, on the other hand, argue that Congress has voted to raise the borrowing limit numerous times under presidents of both parties They've also warned that not raising the debt ceiling would have a devastating impact on the global economy.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |