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Sen. Bernie Sanders (I-Vt.) speaks at a press conference on May 18, 2023 in Washington, D.C.
"Republicans have made it clear that they are prepared to hold our entire economy hostage unless you accede to their demands to reduce the deficit on the backs of working families. That is simply unacceptable."
Sen. Bernie Sanders and 10 other senators on Thursday ramped up their calls for President Joe Biden to strongly consider invoking his 14th Amendment authority to avert a debt default as the GOP continues to demand steep federal spending cuts and attacks on critical aid programs.
"It is unfortunate that Republicans in the House of Representatives and Senate are not acting in good faith. Instead, Republicans have made it clear that they are prepared to hold our entire economy hostage unless you accede to their demands to reduce the deficit on the backs of working families," the 11 lawmakers wrote in a new letter to Biden. "That is simply unacceptable."
The letter and a flurry of urgent statements from progressive lawmakers came amid continued uncertainty over whether the White House and Republican negotiators would be able to reach a deal to raise the debt ceiling before the June 1 "X-date"—the day the federal government could no longer be able to pay its bills.
Progressives have vocally condemned the GOP's push for new work requirements for recipients of federal aid and deep austerity in the form of spending caps, which would devastate key programs and services and hamstring the government's ability to respond to economic turmoil.
During a press conference on Thursday following the release of the new letter, Sanders (I-Vt.) slammed Republicans for pursuing "savage cuts" to "the needs of working families, the elderly, the children, the sick, and the poor" in exchange for any agreement to raise the debt ceiling and prevent a default.
"If the right-wing Republicans force a default, it will mean the loss of millions of American jobs, interest rates on mortgages and credit cards will soar, and Americans will lose trillions of dollars in household wealth," Sanders warned.
But the senator added that "as disastrous as it would be to default on our debt, it would be equally disastrous to pass the outrageous Republican proposals," which he noted would kick millions off nutrition assistance, Medicaid, and other key programs.
Republicans have demanded a 1% cap on overall federal spending growth over the next decade—which would amount to real cuts to spending, given that growth would be unable to keep up with inflation.
Sens. John Fetterman (D-Pa.), who has said he could not support a debt ceiling deal that harms vulnerable people, argued in a statement Thursday that Biden "needs to consider using the 14th Amendment if necessary."
"The entire GOP debt ceiling negotiation is a sad charade, and it's exactly what's wrong with Washington. We're playing with fire and the livelihoods of millions just for the GOP to try and turn the screws on hungry Americans," Fetterman said. "This is the whole reason why the 14th Amendment exists, and we need to be prepared to use it. We cannot let these reckless Republicans hold the economy hostage."
Biden said earlier this month that he has been "considering" invoking the 14th Amendment but added that he doesn't believe it "solves our problem now."
The 14th Amendment states that "the public debt of the United States... shall not be questioned," and some constitutional law experts contend—given that debt payments are for spending already approved by Congress—that it provides a legal basis for Biden to end the current standoff without congressional action.
The 11 senators who signed onto the new letter agreed, writing that "using this authority would allow the United States to continue to pay its bills on time, without delay, preventing a global economic catastrophe."
"The choice we face is clear," the lawmakers argued. "We cannot reach a budget agreement that increases the suffering of millions of Americans who are already living in desperation. At a time of massive wealth and income inequality, we must ask billionaires and large corporations who are doing phenomenally well to start paying their fair share of taxes."
"Republicans' unwillingness to consider one penny in new revenue from the wealthy and large corporations, along with their diminishment of the disastrous consequences of default, have made it seemingly impossible to enact a bipartisan budget deal at this time," they added.
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
Sen. Bernie Sanders and 10 other senators on Thursday ramped up their calls for President Joe Biden to strongly consider invoking his 14th Amendment authority to avert a debt default as the GOP continues to demand steep federal spending cuts and attacks on critical aid programs.
"It is unfortunate that Republicans in the House of Representatives and Senate are not acting in good faith. Instead, Republicans have made it clear that they are prepared to hold our entire economy hostage unless you accede to their demands to reduce the deficit on the backs of working families," the 11 lawmakers wrote in a new letter to Biden. "That is simply unacceptable."
The letter and a flurry of urgent statements from progressive lawmakers came amid continued uncertainty over whether the White House and Republican negotiators would be able to reach a deal to raise the debt ceiling before the June 1 "X-date"—the day the federal government could no longer be able to pay its bills.
Progressives have vocally condemned the GOP's push for new work requirements for recipients of federal aid and deep austerity in the form of spending caps, which would devastate key programs and services and hamstring the government's ability to respond to economic turmoil.
During a press conference on Thursday following the release of the new letter, Sanders (I-Vt.) slammed Republicans for pursuing "savage cuts" to "the needs of working families, the elderly, the children, the sick, and the poor" in exchange for any agreement to raise the debt ceiling and prevent a default.
"If the right-wing Republicans force a default, it will mean the loss of millions of American jobs, interest rates on mortgages and credit cards will soar, and Americans will lose trillions of dollars in household wealth," Sanders warned.
But the senator added that "as disastrous as it would be to default on our debt, it would be equally disastrous to pass the outrageous Republican proposals," which he noted would kick millions off nutrition assistance, Medicaid, and other key programs.
Republicans have demanded a 1% cap on overall federal spending growth over the next decade—which would amount to real cuts to spending, given that growth would be unable to keep up with inflation.
Sens. John Fetterman (D-Pa.), who has said he could not support a debt ceiling deal that harms vulnerable people, argued in a statement Thursday that Biden "needs to consider using the 14th Amendment if necessary."
"The entire GOP debt ceiling negotiation is a sad charade, and it's exactly what's wrong with Washington. We're playing with fire and the livelihoods of millions just for the GOP to try and turn the screws on hungry Americans," Fetterman said. "This is the whole reason why the 14th Amendment exists, and we need to be prepared to use it. We cannot let these reckless Republicans hold the economy hostage."
Biden said earlier this month that he has been "considering" invoking the 14th Amendment but added that he doesn't believe it "solves our problem now."
The 14th Amendment states that "the public debt of the United States... shall not be questioned," and some constitutional law experts contend—given that debt payments are for spending already approved by Congress—that it provides a legal basis for Biden to end the current standoff without congressional action.
The 11 senators who signed onto the new letter agreed, writing that "using this authority would allow the United States to continue to pay its bills on time, without delay, preventing a global economic catastrophe."
"The choice we face is clear," the lawmakers argued. "We cannot reach a budget agreement that increases the suffering of millions of Americans who are already living in desperation. At a time of massive wealth and income inequality, we must ask billionaires and large corporations who are doing phenomenally well to start paying their fair share of taxes."
"Republicans' unwillingness to consider one penny in new revenue from the wealthy and large corporations, along with their diminishment of the disastrous consequences of default, have made it seemingly impossible to enact a bipartisan budget deal at this time," they added.
Sen. Bernie Sanders and 10 other senators on Thursday ramped up their calls for President Joe Biden to strongly consider invoking his 14th Amendment authority to avert a debt default as the GOP continues to demand steep federal spending cuts and attacks on critical aid programs.
"It is unfortunate that Republicans in the House of Representatives and Senate are not acting in good faith. Instead, Republicans have made it clear that they are prepared to hold our entire economy hostage unless you accede to their demands to reduce the deficit on the backs of working families," the 11 lawmakers wrote in a new letter to Biden. "That is simply unacceptable."
The letter and a flurry of urgent statements from progressive lawmakers came amid continued uncertainty over whether the White House and Republican negotiators would be able to reach a deal to raise the debt ceiling before the June 1 "X-date"—the day the federal government could no longer be able to pay its bills.
Progressives have vocally condemned the GOP's push for new work requirements for recipients of federal aid and deep austerity in the form of spending caps, which would devastate key programs and services and hamstring the government's ability to respond to economic turmoil.
During a press conference on Thursday following the release of the new letter, Sanders (I-Vt.) slammed Republicans for pursuing "savage cuts" to "the needs of working families, the elderly, the children, the sick, and the poor" in exchange for any agreement to raise the debt ceiling and prevent a default.
"If the right-wing Republicans force a default, it will mean the loss of millions of American jobs, interest rates on mortgages and credit cards will soar, and Americans will lose trillions of dollars in household wealth," Sanders warned.
But the senator added that "as disastrous as it would be to default on our debt, it would be equally disastrous to pass the outrageous Republican proposals," which he noted would kick millions off nutrition assistance, Medicaid, and other key programs.
Republicans have demanded a 1% cap on overall federal spending growth over the next decade—which would amount to real cuts to spending, given that growth would be unable to keep up with inflation.
Sens. John Fetterman (D-Pa.), who has said he could not support a debt ceiling deal that harms vulnerable people, argued in a statement Thursday that Biden "needs to consider using the 14th Amendment if necessary."
"The entire GOP debt ceiling negotiation is a sad charade, and it's exactly what's wrong with Washington. We're playing with fire and the livelihoods of millions just for the GOP to try and turn the screws on hungry Americans," Fetterman said. "This is the whole reason why the 14th Amendment exists, and we need to be prepared to use it. We cannot let these reckless Republicans hold the economy hostage."
Biden said earlier this month that he has been "considering" invoking the 14th Amendment but added that he doesn't believe it "solves our problem now."
The 14th Amendment states that "the public debt of the United States... shall not be questioned," and some constitutional law experts contend—given that debt payments are for spending already approved by Congress—that it provides a legal basis for Biden to end the current standoff without congressional action.
The 11 senators who signed onto the new letter agreed, writing that "using this authority would allow the United States to continue to pay its bills on time, without delay, preventing a global economic catastrophe."
"The choice we face is clear," the lawmakers argued. "We cannot reach a budget agreement that increases the suffering of millions of Americans who are already living in desperation. At a time of massive wealth and income inequality, we must ask billionaires and large corporations who are doing phenomenally well to start paying their fair share of taxes."
"Republicans' unwillingness to consider one penny in new revenue from the wealthy and large corporations, along with their diminishment of the disastrous consequences of default, have made it seemingly impossible to enact a bipartisan budget deal at this time," they added.