Rep. Don Beyer

@RepDonBeyer ↗

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Last Checked March 28, 2023

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Thu Mar 09 15:38:31 +0000 2023

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Rep. Don Beyer @RepDonBeyer

Legal: the payments Treasury makes are legal obligations passed by Congress. If some people get paid and others don't, many of those who don't get paid will file lawsuits. This is just common sense to most of us if you think about it for a minute. https://t.co/NBUODGil9s https://t.co/5wUrszozUE — PolitiTweet.org

Posted March 9, 2023

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Rep. Don Beyer @RepDonBeyer

And I need to keep repeating: this *won't work*. It will NOT prevent a default on our debt. There are several reasons why it can't prevent a default-- Logistical: Treasury handles an enormous number of payments every day, they aren't set up to pick and choose individual basis. — PolitiTweet.org

Posted March 9, 2023

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Rep. Don Beyer @RepDonBeyer

And most importantly, economic. If we breach the debt limit and the Republican law causes Chinese bondholders to get paid while American schools and hospitals don't, that is a default on our debt! The United States owes money it promised to pay, and it didn't make the payment. — PolitiTweet.org

Posted March 9, 2023