Dallas City Wire

Extreme Legislation Will Devastate Everyday Texans

WASHINGTON, D.C. - Today, Rep. Veasey voted against the harmful Republican-led debt ceiling scheme. Their extreme legislation will present 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. But House Republicans are threatening to wreck our economy unless they can force cruel cuts that hurt Texans in every corner of my district which is why I voted against this legislation today,” said Rep. Veasey. “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 for working families. It is time for extreme MAGA Republicans to stop the political games 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 TX-33, a default on our debt would:

•    Kill an estimated 7,600 jobs in TX-33 alone. Nationwide, a default could kill more than 7 million jobs.

•    Put health benefits at risk for 225,000 people in TX-33 who rely on Medicare, Medicaid, or Veterans Affairs health coverage.

•    Threaten the retirement savings of 80,900 people near retirement in TX-33, eliminating $20,000 from the typical retirement portfolio.

•    Jeopardize Social Security payments for 49,000 families in TX-33.

•    Increase lifetime mortgage costs for the typical homeowner in Texas by $50,000.

But the Republican-led legislation is no alternative. Their legislation would devastate working Texans and communities across North Texas by:

•    Cutting funding for schools and stripping away access to child care.

•    Forcing communities to lay off thousands of law enforcement officers and first responders.

•    Kicking hundreds of thousands of families out of their homes.

•    Ripping food assistance from low-income parents and older Americans.

•    Making it easier for polluters to poison communities.

•    Creating barriers to accessing Medicaid and putting millions of Americans at risk of losing their health coverage.

•    Helping wealthy tax cheats and big corporations avoid paying the taxes they owe.

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 child care, health care, and housing more affordable, supporting better schools, and strengthening our infrastructure.

 Original source can be found here.