Avoiding a GOP Manufactured Debt Crisis: Social Media Toolkit

Talking Points: 

• A dangerous default is not an option.
• Monday’s announcement from Secretary Yellen highlights the high stakes for American families as extreme MAGA Republicans engineer a default on America’s debt for the first time in our history.
• We know that a default would have catastrophic impacts on our economy and for all families, plunging our nation into a recession, driving up unemployment and crashing the stock market. 
• That’s why House Democrats are taking a responsible step to keep our legislative options open.The fact remains that Republicans urgently need to join us and pass bipartisan legislation to pay America’s bills without extreme conditions. They started this default crisis and they need to end it for the good of the country.
• The US is not a deadbeat nation. We have never failed to pay our bills. 
• Congress has worked to prevent default 78 times since 1960, including 3 times under Trump.
• The President will tell Congressional leaders at the White House this week that they must act quickly to avoid default without conditions, and discuss a separate process on budget and appropriations.
• The President has laid out a plan to grow the economy and cut the deficit by nearly $3 trillion over 10 years, including by cutting wasteful spending on big pharma and big oil.
• House Republicans’ bill cuts 60,000 teachers, hurting 25 million kids; cuts 30 million veterans health visits and increases the disability claims backlog by 130,000; eliminates 2,000 border agents which would allow 900 pounds of fentanyl into the country; and threatens health care for nearly 21 million Americans. All to pay for their tax cuts for billionaires and profitable corporations.