Rep. Don Beyer

@RepDonBeyer ↗

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Last Checked March 29, 2023

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Thu Mar 09 16:03:17 +0000 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

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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

A default means millions of jobs lost, a global recession, huge costs for average people. The top risk of this bill is if Republicans actually believe it would prevent a default. It 100% would not. But if they wrongly think it does they'll be more likely to allow a default. — PolitiTweet.org

Posted March 9, 2023