Some Representatives Signal Massive Spending Cuts Tied to the Vote

On May 16th, the U.S. reached its legal debt ceiling of $14.3 trillion (however, the Treasury Secretary can shift accounts and delay hitting the debt ceiling until August 2nd). The U.S. has never defaulted on its debt and, if this were to happen, would create a catastrophic international economic crisis. No date has yet been set for Congress to vote on the debt ceiling. Some House Members, particularly the freshmen who campaigned strongly against increasing the debt, are signaling that they may vote against it.  Some have stated that they will vote for raising the debt ceiling ONLY IF major cuts in federal spending are included. Block granting and capping Medicaid are expected to be at the top of their lists. The Arc continues to advocate that Medicaid and other critical safety net provisions be protected and that any budget agreement be fair and balanced and include raising revenue.

%d bloggers like this: