Last night, Congressman Don Bacon once again put millions of American workers, seniors, and small business owners in harm’s way by voting “NO” for a second time on the historically bipartisan vote to raise the U.S. debt limit.
Despite knowing full well that raising the debt limit allows governments to finance existing legal obligations of the past – which is why he voted to raise the debt limit last Congress – Bacon is now spreading false arguments that raising the limit would increase future spending.
Ignoring firm warnings from the Treasury Department and economists nationwide, Republicans in Congress, including Don Bacon, voted to allow the United States government to default on its legal obligations. As a reminder, according to a Moody Analytics study in September, failing to raise the debt limit would:
Cost the country up to 6 million jobs
Wipe out $15 trillion in household wealth
Send unemployment surging to 9 percent
Endanger $20 billion in owed Social Security
Threaten the economic progress President Biden and House Democrats have made in pandemic recovery
Even when given a second opportunity to redeem himself, Rep. Don Bacon chose economic catastrophe over protecting Nebraskans and fulfilling his sworn obligation to protect the full-faith and credit of the United States.
DCCC spokesperson Johanna Warshaw
“Rep. Don Bacon used dangerous misinformation to justify casting a reckless vote to tank the economy and flush our economic recovery down the toilet. If Rep. Bacon had it his way, the United States economy would be in ruins, thousands of Nebraskans would be thrown out of work, and working families across America could see their hard-earned savings plummet. Today’s vote was another grim reminder that Rep. Bacon can’t be trusted to vote in the best interests of NE-02 families.”