|
Vulnerable Republican Jen Kiggans just voted with extreme MAGA Republicans to hold the U.S. economy hostage – sending our nation even closer to a “catastrophic” default event.
Economists recently warned that the plan would increase unemployment, decrease economic growth, increase the likelihood of a recession – and even spur agencies to downgrade the nation’s credit rating.
The extreme MAGA Republican plan would jeopardize over 142,000 manufacturing jobs and threaten working families who depend on food assistance programs and Medicaid. In addition, the plan would enact devastating cuts to law enforcement agencies, veterans’ health care, and education programs.
This hostage-taking scenario will only push the U.S. economy closer to default next year, because of “the considerable uncertainty created by having to address the debt limit again a year from now,” Moody’s Analytics writes.
DCCC Spokesperson Nebeyatt Betre:
“Jen Kiggans’ vote today thrusts our nation one step closer to defaulting on our debts. Kiggans is willing to push the U.S. economy closer to a job-killing recession, all while increasing costs, jeopardizing hundreds of thousands of good-paying jobs, and making Virginians less safe. Kiggans would rather play politics by kowtowing to extreme MAGA Republican party bosses than work in the interest of Virginia families.”
|
Sign up for the Blue Virginia weekly newsletter
