Rep. Sara Jacobs Votes Against House Republicans’ Reckless Debt Ceiling Demands
Congresswoman Sara Jacobs (CA-51) voted against House Republicans’ reckless debt ceiling demands (H.R. 2811), which push the United States closer to defaulting on its debt and a step closer to catastrophic job losses and drastic cuts to government services that San Diegans and all Americans rely on every day.
Congresswoman Sara Jacobs said: “It’s outrageous that House Republicans are using extortion to extract devastating cuts to federal programs that millions of Americans rely on every day to put food on the table, access health care and child care, and keep a roof over their heads. Raising the debt limit should never be a political football – it’s about paying the debts we owe, maintaining our full faith and credit, and averting a catastrophic economic crisis. I will do whatever it takes to ensure that we raise a clean debt ceiling to protect our hard-earned benefits and our economy.”
House Republicans’ demands would:
- Put 2,673,000 people at risk of losing Medicaid coverage in California
- Threaten access to food assistance for 136,000 people aged 50-55 in California
- Eliminate preschool and child care for at least 35,200 children in California
- Increase housing costs for at least 83,200 people in California
- Make college more expensive for at least 874,300 students in California
But ultimately, House Republicans are threatening to default on the nation’s bills, which would:
- Kill about 7,700 jobs in CA-51 alone. Nationwide, a default could kill more than 7 million jobs and raise the unemployment rate to above 8%
- Jeopardize Social Security payments for 67,000 families in CA-51
- Put health benefits at risk for 245,000 people in CA-51 who rely on Medicare, Medicaid, or Veterans Affairs health coverage
- Increase lifetime mortgage costs for the typical homeowner in California by $92,000
- Threaten the retirement savings of 83,600 people near retirement in CA-51, eliminating $20,000 from the typical retirement portfolio
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