Extreme MAGA Republicans Forcing Cruel Cuts or Devastating Default On Our Debt

• Extreme MAGA Republicans have manufactured a crisis and are now presenting working families with a terrible choice: either they inflict cruel cuts that hurt everyday Americans or they force a devastating default on our debt.
• Extreme MAGA Republicans are pushing for cruel cuts that hurt everyday Americans. House Republicans voted to take Medicaid away from millions, lay off 100,000 teachers and kick kids out of child care, rip food assistance away from families, and even slash veterans’ health care.
• If they don’t get their way with cruel cuts, extreme MAGA Republicans are threatening to force a default on our debt. This economic disaster will cause millions of jobs to be lost, the stock market to crash, and costs to rise for everyone and on everything.
• Democrats have already cut the deficit by historic levels and President Biden’s budget reduces deficits by another $3 trillion over the next decade. We want to invest in America – lowering costs and creating better paying jobs – while cutting wasteful spending on special interests and asking the wealthiest Americans to begin paying their fair share.
• House Republicans created this default crisis – and they can end it now by joining us, signing our petition, and forcing a vote on a bipartisan solution to prevent a default on our debt. If five House Republicans join us and sign, we can save our economy today.
• The president had a productive conversation with congressional leaders on Tuesday and is confident that America will not default.
• The meeting was civil and respectful. Everyone came to the meeting in good faith, and every leader understood that the consequences of failing to pay our bills would be catastrophic for the American economy and the American people. Default could:  Erase millions of jobs, Trigger a recession, Devastate retirement accounts,  Increase borrowing costs, Damage our international reputation 
• The president is confident that the leaders agreed that we’re going to come together and do the right thing for the country.
• This negotiation is about the outlines of what a budget will look like—not about default. The leaders have all agreed that we will not default.
• The president is proud of the progress we’ve already made on deficit reduction. He cut the deficit by $1.7 trillion in his first two years in office, and he has proposed another almost $3 trillion in deficit reduction over the next decade.
• The leaders all agreed that the president and the speaker would designate senior members of their teams to meet and hammer out their differences.
• The president will remain in constant contact with his team while he’s at the G7. He’ll be in close touch with Speaker McCarthy and the leaders, and he’s cut his trip short in order to return for final negotiations with congressional leaders.
• As he’s made clear many times, America is not a deadbeat nation. We pay our bills. Our country has never defaulted on its debt. And discussions with congressional leaders will continue until an agreement is reached.

 The Default On America Act Would Hurt Everyday Americans in Districts Represented by Extreme MAGA Republicans

• The consensus is clear – extreme MAGA Republicans’ Default On America Act is a radical wish list of unpopular extreme right-wing priorities that will hurt everyday Americans. Extreme MAGA Republicans united to pass a bill that would inflict significant hardship on their own districts.
• Examples:
• Mark Amodei (NV-02):  The Default On America Act cuts 9,750 good-paying clean energy jobs in Rep. Amodei’s district and denies over 70,000 of his constituents the opportunity to receive historic student debt relief.  Is he advocating for his constituents’ best interests?
• Mariannette Miller-Meeks (IA-01): The Default On America Act cuts 700 good-paying clean energy jobs in Rep. Miller-Meeks’ district and denies over 107,000 of her constituents the opportunity to receive historic student debt relief.  Iowans deserve better.
• Lauren Boebert (CO-03): The Default On America Act cuts 700 good-paying clean energy jobs in Rep. Boebert’s district and denies nearly 90,000 of her constituents the opportunity to receive historic student debt relief.  This would only hurt Everyday Coloradans.

Additional resources that highlight the devastating impacts of the Default On America Act 

• Joint Economic Committee – The GOP’S Reckless DOA Act Would Threaten Green Energy Jobs, Increase Emissions, And Harm The Planet
• Business Insider – The GOP Proposal to Raise the Debt Ceiling Would Force Americans on Social Security and Medicare to Wait Longer to Receive Help and Make College More Expensive, the White House Says
• Center on Budget and Policy Priorities – Republican Debt-Ceiling-and-Cuts Bill Would Cost States and Local Communities $1.3 Trillion
• Alliance for Retired Americans – Republican Threats to Social Security
• Joint Economic Committee – How the Default on America Act Threatens Public Safety
• Accountable US – Working Families Will Suffer Under the MAGA Default Plan
• National Alliance to End Homelessness – How Debt Ceiling Negotiations Threaten Homelessness Funding
• Small Business for America’s Future – SURVEY: Small Business Owners Fear Debt Ceiling Debate Impact