Latest In

Breaking News

DCCC targets GOP-held districts in Michigan over debt negotiations

The National Democratic Congressional Campaign Committee on Monday announced it was unleashing robocall messages to voters in every Congressional district in Michigan being held by a Republican. In press releases, the DCCC says it has launched robocalls against Michigan Reps. Mike Rogers (R-Brighton), Justin Amash (R-Grand Rapids), Thaddeus McCotter (R-Livonia), Tim Wallberg (R-Tipton), Dave Camp (R-Midland), Dan Benishek (R-Crystal Falls) and Fred Upton (R-St.

Jul 31, 2020
26K Shares
1.6M Views
The National Democratic Congressional Campaign Committee on Monday announced it was unleashing robocall messages to voters in every Congressional district in Michigan being held by a Republican.
In press releases, the DCCC says it has launched robocalls against Michigan Reps. Mike Rogers (R-Brighton), Justin Amash (R-Grand Rapids), Thaddeus McCotter (R-Livonia), Tim Wallberg (R-Tipton), Dave Camp (R-Midland), Dan Benishek (R-Crystal Falls) and Fred Upton (R-St. Joseph).
Here’s a sample of the language the robocall will have:
“Hi, this is Travis calling on behalf of the DCCC. Congressman Fred Upton and Speaker Boehner would rather our economy default just to protect tax breaks for Big Oil companies and billionaire jet-owners. Republicans quit negotiating with President Obama on raising the debt ceiling.
“This is serious. Upton’s billionaire buddies will be ok. But we will pay the price if government can’t pay its bills. Our Social Security and Medicare benefits are at risk. Interest rates would spike for our credit cards, car loans, and mortgages. Our 401(k) retirement accounts would drop. And, gas and food prices would skyrocket.
“Enough is enough. Call Congressman Fred Upton at (269) 385-0039 and tell him not to gamble our future to protect tax breaks for Big Oil and billionaires.”
Shortly after the DCCC issued the releases on the Republican caucus in Michigan, the White House released the following statement on the stand off:
The President has been advocating a balanced plan that would reduce our deficit by $4 trillion by making large cuts in domestic and Pentagon spending, reforming entitlement programs, and closing tax loopholes for corporations, millionaires and billionaires. This sort of approach won support from Democrats and Republicans in the Senate, but the House Republicans walked away after insisting that the budget be balanced on the backs of seniors and the middle class.
Now, faced with the “my way or the highway,” short-term approach of the House Republicans, Senator Reid has put forward a responsible compromise that cuts spending in a way that protects critical investments and does not harm the economic recovery. All the cuts put forward in this approach were previously agreed to by both parties through the process led by the Vice President. Senator Reid’s plan also reduces the deficit more than enough to meet the contrived dollar-for-dollar criteria called for by House Republicans, and, most importantly, it removes the cloud of a possible default from our economy through 2012. The plan would make a meaningful down payment in addressing our fiscal challenge, and we could continue to work together to build on it with a balanced approach to deficit reduction that includes additional spending reforms and closing tax loopholes for corporations, millionaires and billionaires.
Senator Reid’s plan is a reasonable approach that should receive the support of both parties, and we hope the House Republicans will agree to this plan so that America can avoid defaulting on our obligations for the first time in our history. The ball is in their court.
The assault comes as Speaker of the House John Boehner of Ohio walked away from discussions with President Barack Obama late last week. Boehner and Senate Majority Leader Harry Reid (D-Nevada) say they are each working on a proposal to address the debt ceiling.
International markets opened to a rocky start Monday as investors viewed the continued debt stand-off in DC with a wary eye. Defaulting could send the U.S. into a larger recession or depression and could quickly send interest rates through the roof. That means it will cost not only consumers more to buy things, but it will cost the government more as well.
Republicans continue to demand that any vote to lift the debt ceiling be parred with a cuts-only budget to address what they call a bloated national government. Democrats, however, argue that the approach should include both budget cuts and revenue increases made by closing tax loopholes on various luxury items.
Camilo Wood

Camilo Wood

Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
Latest Articles
Popular Articles