Valadao, House Republicans vote for a bill that would kill jobs and increase likelihood of U.S. recession
Vulnerable Republican David Valadao just voted with extreme MAGA Republicans to hold the U.S. economy hostage – sending our nation even closer to a “catastrophic” economic default.
Economists recently warned that the plan would increase unemployment, decrease economic growth, increase the likelihood of a recession – and even spur agencies to downgrade the nation’s credit rating.
The extreme MAGA Republican plan would jeopardize over 142,000 manufacturing jobs and threaten working families who depend on food assistance programs and Medicaid. In addition, the plan would enact devastating cuts to law enforcement agencies, veterans’ health care, and education programs.
This hostage-taking scenario will only push the U.S. economy closer to default next year, because of “the considerable uncertainty created by having to address the debt limit again a year from now,” Moody’s Analytics writes.
DCCC Spokesperson Tommy Garcia:
“David Valadao’s vote today thrusts our nation one step closer to defaulting on our debts. David Valadao is willing to push the U.S. economy closer to a job-killing recession, all while increasing costs, jeopardizing hundreds of thousands of good-paying jobs, and making Californians less safe. Valadao would rather play politics by kowtowing to extreme MAGA Republican party bosses than work in the interest of Central Valley families.”
