House Passes Debt Ceiling Bill That Will Increase Unemployment and Take Money Out of the Economy

by Ben Hoffman

The House of Representatives approved the debt ceiling bargain negotiated over the weekend by President Obama and leaders from both parties, sending the measure to the Senate and final approval that could come Tuesday.

Many Democratic lawmakers voted no on the measure, joining dozens of Tea Party-backed Republicans in calling it a bad deal for the country. But the complicated legislation to raise the debt ceiling by $2.4 trillion earned the support of members from both parties to win approval.

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This bill will cause 10s of thousands of people to lose their jobs. They’ll have less money to spend and therefore, slow the already faltering economy. They’ll be eligible for unemployment benefits so our tax dollars will be paying them to do nothing.

It’s typical of right-wing policies, though. They’re almost always bad for our country.

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