Rep. Don Beyer

@RepDonBeyer ↗

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Last Checked March 28, 2023

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Thu Mar 09 15:15:51 +0000 2023

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Rep. Don Beyer @RepDonBeyer

The US government spends money every day as directed by Congress on many things. Big ticket items include Social Security, Medicare, veterans benefits, defense, and payments on our public debt. Meanwhile, the US Treasury takes in money (revenue) every day- taxes, customs, etc. — PolitiTweet.org

Posted March 9, 2023

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Rep. Don Beyer @RepDonBeyer

Let me be as clear as possible: "debt prioritization" will not work. It will not do what they says it does. It will not prevent a default. The Republicans won't tell you this and I worry more and more that they don't even understand it themselves, so let me explain it here. — PolitiTweet.org

Posted March 9, 2023

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Rep. Don Beyer @RepDonBeyer

If we breach the debt limit, Treasury won't be able to borrow, payments owed will be greater than revenue coming in, and some will go unpaid. A default on the faith and credit of the United States. The GOP bill tells Treasury to pay some bills before others. Still a default. — PolitiTweet.org

Posted March 9, 2023