Rep. Don Beyer

@RepDonBeyer ↗

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Last Checked March 28, 2023

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Thu Mar 09 15:50:34 +0000 2023

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Rep. Don Beyer @RepDonBeyer

We know because 12 years ago credit rating agencies downgraded our credit over Republican debt limit brinkmanship. This credit downgrade cost the U.S. billions of dollars, it drove up borrowing costs for regular people. It could happen again. That's more money on your mortgage. https://t.co/WkKGKj591r — PolitiTweet.org

Posted March 9, 2023

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Rep. Don Beyer @RepDonBeyer

The perception that American bonds are the safest investment underpins the global economy. If we fail to pay what we owe, it won't matter if it was a bond holder or our troops: it will demonstrate that we aren't good for our debts, and investors *will* react to that information. — PolitiTweet.org

Posted March 9, 2023

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Rep. Don Beyer @RepDonBeyer

This is common sense. If someone asks you for money, you want to know they'll pay you back. If you see them fail to pay someone back, you will be less likely to loan them money. If investors sees US debts as unsafe, it will cause a financial panic like the 2008 crash. Moody's: https://t.co/Lf16x7e4W2 — PolitiTweet.org

Posted March 9, 2023