For those who’ve thought that House Republicans’ actions these past several weeks bear a close resemblance to a two year-old’s tantrum, you should check out this Business Insider piece. It should serve as a reminder to Republicans that they can’t just throw a hissy fit when they don’t get absolutely everything their way.
Wanted to pass along this NY Timesarticle highlighting how a credit rating downgrade would be felt across the nation—slowing economic growth “for years to come,” hurting job creation and increasing the deficit.
Key excerpts:
A look at this afternoon’s headlines shows Speaker Boehner is going to have a tough time passing his short-term debt limit proposal:
TPM: Jim DeMint: Boehner Plan Doesn’t Have The Votes
“Sen. Jim DeMint (R-SC), one of the leading hardliners on the right in the debt ceiling fight, is predicting Speaker Boehner (R-OH) will not be able to pass his new plan for a two-tier deficit reduction package without help from Democrats.”
Wanted to be sure you saw the Washington Post article highlighting the uncertainty felt by the business community as Republicans continue to hold our economy hostage.
Republicans are holding our economy hostage to their ideological agenda, putting our nation at risk of default just a week from today. Default would have a real impact on middle class families, and at a time when our economy is still recovering, American families can’t afford to pay the price. Take a look at the numbers:
Over $1,000: Increase in mortgage payments for the average family
As Republicans continue to argue for a short-term compromise, which would not give our economy certainty and hurt job creation, business leaders are calling on Congress to quickly take action and compromise so that we pay our nation’s bills and avoid the catastrophic consequences of default: