Tag: Debt Ceiling

Ron Johnson

Refusing to Avoid Devastating Consequences, Ron Johnson Plays Politics on Debt Limit

U.S. Sen. Ron Johnson is leading the charge to discourage Republicans’ from preventing a debt default and an ensuing economic crisis with “devastating consequences.” Johnson has organized his colleagues against raising the debt ceiling, even though — among other things — “Failure to raise the debt ceiling in time could halt payments that millions of Americans […]

Congress

The “Cataclysmic” Cost of the GOP’s Debt Ceiling Hypocrisy: 6 Million Jobs, $15 Trillion in Wealth

Today, a new report from the Washington Post details the staggering potential cost of the Republican Party’s attempted sabotage of the full faith and credit of the United States by refusing to raise the debt ceiling. From the report: “Mark Zandi, chief economist at Moody’s Analytics, found that a prolonged impasse over the debt […]