October 20, 2021
Economy

Republicans Vote For Economic Calamity, To Unemploy Millions, Stop Paying Our Troops, And Stop Social Security Payments

Last night, House Republicans voted against suspending the debt ceiling, which could send our recovering economy into a tailspin, cost six million American jobs, wipe out $15 trillion from American households, stop Social Security payments, and block our service members from getting paid. Republican leaders have spent the week putting their hypocrisy on full display and we are here to hold them accountable for their political games. 

Republicans are threatening to cost 6 million jobs, wipe out $15 trillion in household wealth, and send unemployment skyrocketing.

  • Washington Post: “Mark Zandi, chief economist at Moody’s Analytics, found that a prolonged impasse over the debt ceiling would cost the U.S. economy up to 6 million jobs, wipe out as much as $15 trillion in household wealth, and send the unemployment rate surging to roughly 9 percent from around 5 percent.”

Read full article here: democrats.org