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Rep. Don Beyer @RepDonBeyer
Excellent February jobs report: beating expectations (not too cold), but wage data says growth isn't too hot. Huge January job gains that some called a data blip actually held up. And rising labor force participation, which is extremely important. A "Goldilocks" jobs report. — PolitiTweet.org
Rep. Don Beyer @RepDonBeyer
RT @JustinWolfers: Holy smokes, another huge jobs report. Payrolls grew +311k, well above consensus of +225k. Unemployment edged up a tad… — PolitiTweet.org
Rep. Don Beyer @RepDonBeyer
RT @davidmwessel: January's job burst was NOT revised away The change in total nonfarm payroll employment for December was revised down by… — PolitiTweet.org
Rep. Don Beyer @RepDonBeyer
RT @SteveRattner: 311k jobs added in February, higher than the 225k expected. https://t.co/LVOe2EqV54 — PolitiTweet.org
Rep. Don Beyer @RepDonBeyer
RT @POTUS: I’ve now laid out my budget. Republicans in Congress should do the same. — PolitiTweet.org
Rep. Don Beyer @RepDonBeyer
There is a reason why Kevin McCarthy and the House Republicans don’t want to release their own budget! — PolitiTweet.org
Jeff Stein @JStein_WaPo
McCarthy’s chief of staff has told colleagues his office is now in a nearly impossible bind, having vowed to advanc… https://t.co/bXWvsiMHS5
Rep. Don Beyer @RepDonBeyer
Republicans once again are trying to weaken the #CleanWaterAct and protect polluters at the expense of Americans' clean water. I spoke on the House floor today today about the need to protect clean water. https://t.co/uXhojCH1YW — PolitiTweet.org
Rep. Don Beyer @RepDonBeyer
A deficit is a gap between revenue and outlays, it can be closed by lowering outlays OR raising revenue. Kevin McCarthy knows that. What he really means: he won't lower deficits by making the wealthy pay their fair share. But he's happy to pass cuts that hurt the middle class. — PolitiTweet.org
Kevin McCarthy @SpeakerMcCarthy
President Biden just delivered his budget to Congress, and it is completely unserious. He proposes trillions in n… https://t.co/ilyA1jXl44
Rep. Don Beyer @RepDonBeyer
Artwork, including the cross-stich pictured below by artist Katrina Majkut, was removed from a public university's exhibition on health care in Idaho after the university was advised displaying them could violate Idaho's "No Public Funds For Abortion Act" https://t.co/43OYy97boK https://t.co/DaqovZ7x0o — PolitiTweet.org
Rep. Don Beyer @RepDonBeyer
RT @POTUS: My budget calls for capping the cost of insulin to $35 a month. For everyone. — PolitiTweet.org
Rep. Don Beyer @RepDonBeyer
RT @NewDemCoalition: New Dems are excited to welcome Congresswoman Jennifer McClellan as the newest Member of our Coalition! From lowering… — PolitiTweet.org
Rep. Don Beyer @RepDonBeyer
RT @Fritschner: Thread explaining why the Republican debt limit bill being advanced today not only would not prevent a catastrophic debt li… — PolitiTweet.org
Rep. Don Beyer @RepDonBeyer
RT @briandevine: 🧵 — PolitiTweet.org
Rep. Don Beyer @RepDonBeyer
RT @jamiedupree: The emerging line of attack from Democrats is that this GOP default bill would prioritize debt payments to the Chinese Com… — PolitiTweet.org
Rep. Don Beyer @RepDonBeyer
If you’re driving towards a cliff, you don't step on the gas and make plans to go over the edge. You turn away from the cliff! The debt limit is a cliff, and debt prioritization is a plan to take us over the edge. Let's just avoid going over the cliff by raising the debt limit! — PolitiTweet.org
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
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
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
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
Rep. Don Beyer @RepDonBeyer
Vital securities underpinning the entire global financial system are pegged to American Treasury bonds. The global financial system is literally built on the full faith and credit of the United States government, on the fact that we are good for our debts and pay on time. — PolitiTweet.org
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
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
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
Rep. Don Beyer @RepDonBeyer
The Republican bill prioritizes paying Chinese debt-holders above payments for American schools and hospitals, our seniors who depend on Medicaid, over our police, over our border security, over anyone who works on homeland security or counterterrorism or federal law enforcement. https://t.co/viGiuX0p5M — PolitiTweet.org
Rep. Don Beyer @RepDonBeyer
Which bills does Republicans' legislation prioritize? First, payments to holders of our public debt, much of which is held in China. In fact, the Republican bill prioritizes those Chinese debt holders above paying our troops. our veteran benefits, our national defense. Really. https://t.co/2ZzARv2zIi — PolitiTweet.org
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
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
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
Rep. Don Beyer @RepDonBeyer
This morning Republicans on the House Ways and Means Committee are making the House GOP's first major move on the debt limit: holding a markup to advance a bill to "prioritize debt" in the event of a debt limit breach. This bill is a plan *to default* and cause a recession. — PolitiTweet.org
Rep. Don Beyer @RepDonBeyer
This morning Republicans on the House Ways and Means Committee are holding a markup to advance a bill to "prioritize debt" in the event of a debt limit breach. Here's what they won't tell you and may not even understand: this bill is a plan *to default* and cause a recession. — PolitiTweet.org
