John,

Treasury Secretary Janet Yellen just warned us:

This is sooner than we expected―and that means we have to ramp our campaign up faster than we expected.

Can you rush a contribution to Social Security Works’ campaign to protect Social Security and Medicare from Republican hostage-taking?

Let’s be clear about a few things:

1. The debt limit governs spending that Congress has already authorized. Failing to raise it won’t do anything to lower spending, it will just bring the world economy crashing down.

2. The January 19th deadline is *not* when the economic calamity sets in. The Treasury Department can keep all the plates spinning for a few months without issuing new bonds. The new deadline is ‘early June.’

3. Republican Speaker Kevin McCarthy has pledged to refuse to raise the debt ceiling unless President Biden agrees to cut Social Security and Medicare.

This is the biggest threat to Social Security and Medicare since 2011―the last time that a Republican House used the debt ceiling to extort a Democratic President.

We beat back those cuts then and we’re ready to do it again. But we can’t do it without you. Can you make a donation today?

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Thanks,

Michael Phelan
Social Security Works