economic circumstance that we aarian, because there is a danger that they re actually maybe recession this year, because we are still fighting inflation, because the interest rates are going up. this is the wrong fire to be playing with. you are so right. and you have summarized this situation so well. yes, we have been through this before, but these are the chaos republicans who put us through 15 votes last week, through the congress in the chaos and now they are willing to risk the future of the american economy and really the world economy and it is a matter of how it affects individual families and the estimates i have seen our 6 million lost jobs, 15 trillion dollars in reduced household income. 9% unemployment. we don t need that at a time that we have been recovering from the pandemic with steady growth and steady progress. many problems, but we are ready to deal with that if we act responsibly. but we have some folks out
but what your republican colleagues are doing in the house is not a good faith argument. it seems to be somewhere between a misunderstanding of what breaching the debt ceiling does and means economically, or a misunderstanding of what debt actually is, the idea that you buy things, you have to pay for them. you can t choose after that not to pay for them. i don t know what it is, but it s not actually the debate should be happening about, did we spend too much and should be spent last. absolutely. we need to have that debate. i m a progressive member of congress but i m not pay as you go progressive. i want to see these bills paid for as we move along, and the major obstacle to that has been some of these same republicans. you know, the first bill that they passed this week, out of the house, raise the deficit by 114 billion dollars in favor of tax cheats, so that the ultra wealthy in this country in the multinational corporations would not be audited as much,
economy. the livelihoods of all americans, and global financial stability. i respectfully urge congress to act promptly to protect the full faith and credit of the united states government. yellen also writes that the u.s. should be, quote, taking store new medaris to prevent the united states from defaulting on its obligations. failing to increase or suspended at limit could delay social security and medicare benefits, tax refunds, military payments. today the senate minority majority issued a statement saying, quote, a default forest by extreme maga republicans could plunge the country into a deep recession and lead to even higher costs for america s working families on everything from working tips and colognes to credit card interest rates. democrats want to move quickly and pass legislation addressing the debt limit so there s no chance of risking a default. we saw stand dogs that even the
become speaker of the house did not just go at the federal level. they also court of state level and pennsylvania in 2022. democrats won control of the pennsylvania state house in the midterm elections for the first time in 12 years. it was an important repudiation of the election denier candidates running at the state and federal level in pennsylvania who championed lies about the 2020 election or actually worked to overturn the election results. for pennsylvania democrats, the margin was even narrower than the one in congress. just one single vote. should have been enough to elect the house democratic leader, the state democratic representative joanna mcclinton, become the state s first black left them short of the votes that they needed for speaker. so, democrats took the high road. to the leader, joanna mcclinton, so it up and back the republican nomination of the moderate democrat mark rossi on the condition that he would lead as an independent and not caucus with either party.
it s not actually the debate should be happening about, did we spend too much and should be spent last. absolutely. we need to have that debate. i m a progressive member of congress but i m not pay as you go progressive. i want to see these bills paid for as we move along, and the major obstacle to that has been some of these same republicans. you know, the first bill that they passed this week, out of the house, raise the deficit by 114 billion dollars in favor of tax cheats, so that the ultra wealthy in this country in the multinational corporations would not be audited as much, costing ass and adding to the deficit. this is a group that has really a goal of eliminating much of our government, our education, our social services, our health, and they want to use this device to eliminate programs they don t like. how they would prioritize the