Democratic Party of Wisconsin
Press Release

Ron Johnson, GOP Lawmakers Completely Abandon Wisconsinites With Reckless Vote Against Raising the Debt Ceiling

 

By - Sep 28th, 2021 01:12 pm

MADISON, Wis. —  Last night, Ron Johnson continued his self-serving political games by leading his GOP colleagues to vote against temporarily suspending the debt ceiling, which could completely dismantle Wisconsin and the country’s economic recovery.

Senator Johnson’s decision to vote against America’s economic future was completely reckless and puts Wisconsinites’ well-being at great risk. Previously, Johnson was all too happy to add to the debt when he changed the 2017 GOP tax scam bill, which will add nearly $2 trillion to the debt, in a way that benefitted himself and his biggest campaign donors to the tune of hundreds of millions of dollars.

The consequences of Johnson and his GOP Colleagues reckless votes and efforts to not raise the debt ceiling could be felt by millions of Wisconsinites:

  • Social Security: Over 1.2 million Wisconsin residents receive Social Security benefits. By refusing to raise the debt ceiling, Senate Republicans risk halting these payments and leaving Wisconsin’s financially vulnerable populations at high risk.
  • Veterans: As of 2017, over 363,000 veterans live in Wisconsin, including 71,889 who receive disability compensation and 4,885 who receive pension. If the Senate GOP continues to play petty political games, the brave men and women who served our country and state could be at risk of a lapse in payments. 
  • Active Military: Wisconsin is home to over 1,000 active service members. If Republicans continue on their path to shutting down our government, they’ll take money out of the pockets of the brave Wisconsin service members who defend our country. 
  • Food Assistance Recipients: In Wisconsin, 312,579 households receive assistance from the Supplemental Nutrition Assistance Program. By voting against the debt ceiling, Senate Republicans are threatening to take food off the table from Wisconsin’s working families.

Mentioned in This Press Release

People:

One thought on “Ron Johnson, GOP Lawmakers Completely Abandon Wisconsinites With Reckless Vote Against Raising the Debt Ceiling”

  1. TransitRider says:

    Defaulting on the National Debt puts everybody’s bank deposits as risk.

    Even healthy banks don’t have enough cash if every depositor tries to withdraw their money at once. If people panic and start withdrawing their money en masse, FDIC insurance is what prevents a collapse. The FDIC’s only assets are Treasury securities. If the US defaults on its debt, the FDIC will have no assets to back bank deposits.

Leave a Reply

You must be an Urban Milwaukee member to leave a comment. Membership, which includes a host of perks, including an ad-free website, tickets to marquee events like Summerfest, the Wisconsin State Fair and the Florentine Opera, a better photo browser and access to members-only, behind-the-scenes tours, starts at $9/month. Learn more.

Join now and cancel anytime.

If you are an existing member, sign-in to leave a comment.

Have questions? Need to report an error? Contact Us