Last Friday night, House Republicans walked out of debt ceiling talks after making it 100% clear that they would rather see America default and the economy ruined than make millionaires or corporations pay one penny more in taxes.1
Stock markets are dropping already. At many companies, hiring is on hold. And in eight days - we may have to stop mailing out Social Security checks, paying veterans benefits, and effectively shutting down the federal government as America defaults on its debt.2
But there's still ONE chance to avoid calamity:
Congress must vote NOW on a clean increase to the debt ceiling -- no spending cuts, no tax increases, no gimmicks. Just a clean vote that keeps the economy running and guarantees millions of working Americans won't get caught in the partisan crossfire.
To be honest, I've had it with BOTH parties. The dysfunction in Congress has already derailed an opportunity to make historic progress on balancing our nation's budget and addressing important priorities like jobs.
But a clean vote on the debt ceiling would give us a chance to hit the reset button, cool everyone's tempers and try and get back to debating the best way to create jobs and build an economy that works for all of us.
Together, we'll push Republicans to stop holding America hostage to protect tax breaks for millionaires and corporations. And we will show our full support for the Democrats who've stood up in defense of vital programs like Social Security, Medicare and Medicaid - as well as making the wealthiest CEOs and corporations pay their fair share of taxes.
And we'll tell every member of Congress, no matter what party they are with: It's time to support a simple, clean vote to raise the debt ceiling.
USAction / TrueMajority
1 - http://www.washingtonpost.com/business/economy/boehner-hints-at-a-unilateral-debt-plan-geithner-shoots-down-short-term-options/2011/07/24/gIQAR0HAXI_story.html?hpid=z1
2 - http://www.thenation.com/blog/162258/right-wing-nutters-threaten-global-economy