Senate Budget Committee

@SenateBudget ↗

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Last Checked April 3, 2023

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Sat Mar 11 15:58:57 +0000 2023

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Senate Budget Committee @SenateBudget

Scenario 2—Republicans allow the U.S. to default for weeks as a long standoff ensues. The result? We have a severe recession. The economy gets 4% smaller, 7 million jobs are lost, and unemployment doubles to above 8% https://t.co/ZVQJ8rfb98 — PolitiTweet.org

Posted March 11, 2023

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Senate Budget Committee @SenateBudget

Even if they default for only a few days, the economy enters recession, the U.S. loses a million jobs, and GDP shrinks by nearly 0.5%. The government will pay higher interest rates FOREVER. House Republicans should not be planning to push the U.S. over this cliff. — PolitiTweet.org

Posted March 11, 2023

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Senate Budget Committee @SenateBudget

Scenario 3—Republicans get what they want: Deep cuts to balance the budget without any new revenues. The result? A recession in 2024, 2.6 million jobs lost, and unemployment near 6%. — PolitiTweet.org

Posted March 11, 2023