I just wanted to share my thoughts with you regarding my “yes” vote on the bill to avoid a default on the nation’s debt.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
 

Adam Schiff for Senate

Hi, it’s Adam.

I just wanted to share my thoughts with you regarding my “yes” vote on the bill to avoid a default on the nation’s debt.

I voted to raise the U.S. government’s debt ceiling ahead of next week’s deadline. After that deadline, the Treasury Department would have run out of funding to pay our bills, and our government would be forced to default on its debt for the first time in history — likely triggering a global recession, millions of job losses, lost paychecks and Social Security payments.

Kevin McCarthy and Republicans in Congress were willing to hold our economy hostage as leverage for their demands, even if it meant plunging the nation into recession. That was reckless in the extreme.

President Biden negotiated an end to the economic hostage taking, and asked Congress to support a resolution of the stalemate, because a default would have hurt our most vulnerable citizens. I did.

The choice in front of us was defaulting on the U.S. government’s debt, or passing this bill. While there were elements of the bill I certainly didn’t like — it was a negotiation after all — it was certainly better than the alternative. And at the end of the day, results are what matters, not rhetoric, and I wasn’t about to vote to tank the economy.

While the bill has its flaws, I voted to stand with working families and protect us from a disastrous default that would have killed jobs and skyrocketed unemployment.

Watch my video to learn more about why I stood with President Biden at this critical time:

WATCH

Thanks for watching. I’ll have more updates soon,

— Adam

Adam Schiff for Senate Banner

DONATE MONTHLY