‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌Off The Sidelines [[link removed]]
Let’s talk about the debt ceiling, friends:
That’s the cap on the amount of money the U.S. government can borrow to pay its debts.
In a matter of weeks, the federal government will exceed this legal borrowing limit. And it’s not hyperbole to say that if Congress doesn’t raise the debt ceiling, it would be catastrophic for our economy and American families.
Historically, raising the debt ceiling is a bipartisan exercise in Congress. But today, House Republicans are demanding draconian cuts to federal aid in exchange for voting to lift the debt ceiling. They’d rather tank the economy and throw millions of Americans into poverty than make good on our country's financial obligations.
In today’s Off the Sidelines Spotlight, we’ll explore the debt ceiling, debunk the GOP talking points, and break down where we go from here.
Thank you,
Stefanie
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If you remember one thing, it’s this: House Republicans are shirking their responsibilities—to American families, to our economy, to their oath of office—by refusing to vote to raise the debt ceiling.
So let’s cut through the noise. We’re breaking down what Republicans are saying about the debt ceiling—and then giving you the facts.
WHAT REPUBLICANS ARE SAYING: “House Republicans should not have to vote to raise the debt ceiling because WE don’t support new initiatives proposed by the Biden administration.”
THE TRUTH: Raising the debt limit has ABSOLUTELY NOTHING to do with new spending. It is purely backward-looking. In fact, much of the debt [[link removed]] in question was incurred BEFORE President Biden took office.
WHAT REPUBLICANS ARE SAYING: “We don’t want to raise the debt ceiling and authorize new spending.”
THE TRUTH: Once again, nope. That’s not how this works. Raising the debt ceiling enables the Treasury to borrow for spending already authorized by Congress.
WHAT HOUSE REPUBLICANS ARE SAYING: “We'll only vote to lift the debt ceiling if we make massive cuts to federal spending."
THE TRUTH: Well, that's true. House Republicans passed legislation that would increase the debt ceiling in exchange for cuts to federal spending for critical programs. That includes kicking one million seniors off Meals on Wheels, eliminating 30,000 law enforcement jobs, and gutting veterans health care. Not to mention cuts to Head Start, cancer research, housing assistance for low-income families, and more.
WHAT REPUBLICANS ARE SAYING: “Not raising the debt ceiling would be a DISASTER for the U.S. economy.”
THE TRUTH: We’re 100% in agreement with Republicans there. Failure to raise the debt ceiling would be catastrophic. Defaulting on our nation’s debts could mean [[link removed]] :
*
Seniors
could
miss
social
security
checks.
Without
social
security,
almost
22
million
Americans
would
fall
into
poverty.


*
Veterans
benefits
could
be
delayed,
and
military
service
members
could
stop
receiving
paychecks.


*
Our
country’s
credit
could
be
downgraded,
spiking
interest
rates.
That
could
raise
mortgage,
car
and
credit
card
payments.


*
According
to
Moody's
Analytics,
stock
prices
could
fall
by
roughly
20
percent,
wiping
out
$10
trillion
in
household
wealth
and
devastating
[[link removed]]
the
401k
and
retirement
accounts
of
millions
of
Americans.


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READ | New York Times Editorial Board: Are Republicans willing to raise the debt ceiling? [[link removed]]
WATCH | The GOP debt limit plan cuts SNAP benefits. How that affects Americans. [[link removed]]
LISTEN | What you need to know about the debt ceiling as the deadline looms [[link removed]]
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SPREAD THE WORD: We need to make it crystal clear that Republicans ALONE are responsible for the debt ceiling crisis. By REFUSING to vote on a bipartisan basis, they’re putting partisan games over American families and our economy.
DONATE: The midterms are just over a year away, and it is absolutely essential that we protect our narrow Senate majority and retake the House. Make a donation to Off the Sidelines PAC and your donation will go directly toward protecting and expanding our Senate majority and flipping the House be electing Democrats in key battleground districts in New York and across the country. [[link removed]]
CONTRIBUTE [[link removed]]

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