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Wednesday, May 15, 2024

Garamendi Votes Against “Default On America Act”

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Congressman John Garamendi | wikipedia

Congressman John Garamendi | wikipedia

WASHINGTON, D.C. – On April 27, Representative John Garamendi (D-CA) voted against the “Default On America Act.” This Republican-led legislation presents Americans with a terrible choice: either House Republicans will wreck our economy or inflict cruel cuts that hurt everyday people.

“Congress must pay our bills and prevent a devastating default on our debt. Sadly, House Republicans are threatening to destroy our economy unless they can force cruel cuts that hurt families in our community, which is exactly why I voted against the ‘Default On America Act,’” Garamendi said. “My fellow House Democrats and I are ready to act now to prevent a default on our debt, continue our historic deficit reduction, and responsibly invest in America to lower costs and create better-paying jobs. It is time for Republicans to join us and save our economy.”

By refusing to act now to prevent a default, House Republicans are threatening an economic disaster that will devastate everyday Americans. In Garamendi’s Congressional District (CA-08), an extreme MAGA Republican default on our debt would:

  • Kill 7,300 jobs as unemployment doubles;
  • Threaten the retirement savings of 78,000 people near retirement;
  • Put Medicare, Medicaid, and Veterans Affairs health benefits at risk for 303,000 people; and
  • Jeopardize Social Security payments for 90,500 seniors.
But the “Default On America Act” is no alternative. In California, the House Republican bill would:           

  • Put 2,673,000 people at risk of losing Medicaid coverage;
  • Threaten access to food assistance for 136,000 people aged 50-55;
  • Eliminate preschool and childcare for at least 35,200 children;
  • Increase housing costs for at least 83,200 people; and
  • Make college more expensive for at least 874,300 students.
House Democrats have already cut the deficit by historic levels and President Biden’s budget reduces deficits by $3 trillion more over the next 10 years while investing in America – lowering costs by making childcare, health care, and housing more affordable, supporting better schools, and strengthening our infrastructure.

Original source can be found here

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