New Report: Marco Rubio’s Opposition To Raising The Debt Ceiling Would Cost 6 Million Jobs

11 mins read

A new report shows just how devastating Marco Rubio and Senate Republicans’ opposition to raising the debt ceiling would be for the U.S. economy. A U.S. debt default would cost nearly 6 million jobs and eliminate $15 trillion in household wealth.
Rubio has been adamant in his opposition to raising the debt limit. Now it’s clear that he’s willing to risk Floridians’ jobs and savings in another shameful attempt to score political points. 
Washington Post: U.S. default this fall would cost 6 million jobs, wipe out $15 trillion in wealth, study saysBy Jeff Stein
Key Points: 

  • America could plunge into an immediate recession if Congress fails to raise the debt ceiling and the U.S. defaults on its payment obligations this fall, according to one analysis set to be released Tuesday.
  • Mark Zandi, chief economist at Moody’s Analytics, found that a prolonged impasse over the debt ceiling would cost the U.S. economy up to 6 million jobs, wipe out as much as $15 trillion in household wealth, and send the unemployment rate surging to roughly 9 percent from around 5 percent.
  • Despite increasing the national debt by close to $8 trillion under President Trump, Republicans have been adamant that they will refuse to help Democrats increase the debt ceiling in opposition to President Biden’s spending plans. 
  • “This economic scenario is cataclysmic. … The downturn would be comparable to that suffered during the financial crisis” of 2008, said the report, written by Zandi and Bernard Yaros, assistant director and economist at Moody’s Analytics.
  • Historically, both parties have come together to ensure the debt ceiling gets raised. Turning it into a political pawn would jeopardize international faith in the U.S. government, driving the cost of borrowing higher even if it is not breached.

Marco Rubio’s Self Serving Political Stunts Are A Masterclass In Hypocrisy

A scathing new report from Fox 13 Tampa Bay found that Marco Rubio has morphed into someone he himself wouldn’t recognize in 2016. Rubio has frequently abandoned his principles to push a self-serving agenda that feeds his political ambitions. 
Watch below as Fox 13’s Craig Patrick exposes the hypocrisy behind Rubio’s latest failed political stunts: 

Key highlights: 

  • Rubio previously mocked people believing unnamed sources, but last week he used greatly exaggerated evidence given by unnamed sources to demand General Mark Milley be fired. 

Patrick: Senator Rubio…immediately jumped to conclusions. He signed and sent this letter to President Biden in which he urges the president to immediately dismiss general Milley based on claims in the book based on sources in the know, even though he later indicated he did not know if the claims in the book based on sources in the know are true…And yet Rubio has mocked others jumping to conclusions based on sources in the know. 

  • In 2016, Rubio attacked Donald Trump’s fitness for office, saying he was a “con artist” who couldn’t be trusted with the nuclear codes. But now he’s defending Trump’s volatile foreign policy against critics arguing along the same lines as Rubio had. 

Clip of Marco Rubio: Well, first of all, anybody who knew Donald Trump, President Trump, or worked around him knows that the notion that he was going to start a war anywhere in the world unnecessarily is just not realistic. That’s not- he was the opposite.
Patrick: Interesting side note here, Rubio said just the opposite when he ran against Trump five years ago. 
Clip of Rubio: -the nuclear codes of the United States to an erratic individual.
Patrick: Rubio repeatedly said Trump cannot be trusted with nukes. 
Clip of Rubio: We cannot allow a con artist to get access to the nuclear codes of the United States of America

  • After losing his presidential race to Donald Trump, Rubio lamented other politicians who use extreme language and conflict to attract attention. Now, we see that strategy in place when Rubio tried to attack the Biden administration’s public health efforts as “tyranny.”

Patrick: Rubio is now getting a lot of media attention by demanding general Milley’s termination on unverified claims he didn’t trust Trump with nukes, and therefore undermined him with China. And at the same time, he’s also getting a lot of attention for saying other things, such as likening the Biden administration’s antibody distribution plan to tyranny. […]

Patrick: They’re not cutting off treatment. And in wondering why such an intelligent and well-informed, in the know Senator like Marco Rubio would say such a thing, I’m reminded of what he said five years ago.
Clip of Rubio: I give a policy speech, it gets no coverage.

Patrick: But if you accuse a rival of being outrageous or doing something outrageous, like not being trusted with nukes or bordering on tyranny, or being the first to demand a termination or speculating about stuff that’s provocative, that can draw more attention. […]

Patrick: It’s a lesson he said he learned after his last election year. Clip of Rubio: That sort of conflict drives more ratings. People figured that out. And that’s how they get on television. 

Ron DeSantis Hires New Surgeon General Who’s Anti-Vaxx and Anti-Mask

Today, Governor Ron DeSantis announced Dr. Joseph Ladapo as Florida’s newest surgeon general and secretary of Florida’s Department of Health, who has a history of going against science when it comes to the COVID-19 pandemic. DNC spokesperson Adonna Biel released the following statement:
“There has been no governor who has been more pro-COVID than Ron DeSantis and his newest hire, Dr. Joseph Ladapo, is further confirmation of that. Instead of going with a trusted advocate for science, DeSantis is once again playing games with peoples’ lives by appointing someone who has trafficked anti-vaccine and anti-mask rhetoric. The American people are ready to return to normalcy and the DeSantis playbook of prolonging the pandemic is dangerous and wreaking havoc on his own state.”
A look at Ladapo’s history on COVID-19:

  • Featured as an ‘expert’ in a video undermining public health guidance:
  • USA Today: “Tech platforms scrambled this week to delete a video featuring seven doctors who claimed their front-line knowledge of the pandemic contradicts the guidance of public health experts… Dr. Joe Ladapo, a UCLA physician who appeared in the video, told USA TODAY in an email that he appeared at the event ‘because I believe it’s critically important for us to have a discussion that includes different perspectives about our approach to COVID-19.’”

Statement from Florida Democratic Chair Manny Diaz Four Years After Hurricane Maria Made Landfall on the Island of Puerto Rico

This week marks the four-year anniversary of Hurricane Maria’s deadly and destructive path through the island of Puerto Rico.

In recognition of this somber occasion, Florida Democratic Party Chairman Manny Diaz issued the following statement:

“Four years ago the world looked on in horror as a killer category 5 hurricane bore down upon the island of Puerto Rico. The devastation that would be visited upon the island over a handful of hours that must have felt like months, was difficult to believe. In the span of less than a day Hurricane Maria caused an estimated $90 billion in damage and eventually killed around 3,000 people. 

“Seen from a global perspective, the devastation wreaked by Hurricane Maria must be viewed as a clear warning for the future. The science is clear, the waters of the Atlantic Ocean and the Caribbean are warming with every passing year, hurricanes will continue to develop more quickly and will be more powerful in the years to come. This climate week, let us pledge as a nation to do everything in our power to work with nations across the globe to address the existential challenge of climate change. The future of our country, places like Puerto, Florida and the world depend on the actions we take right now.”

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Florida Democrats believe in effective and efficient government that prioritizes quality education, affordable health care, and an economy in which anyone who works hard can succeed.

Most importantly, we believe that we are stronger together. We believe the fundamental American promise — that you can go as far as your own hard work will take you — should shine brightest in Florida.

That is why we champion the middle class and cherish the principle that all Floridians should have the opportunity to work hard and succeed. That is why we will never stop fighting for better public schools, because education is the surest path to a better life for millions.

From standing for affordable health care and better schools to fighting for civil rights and access to the ballot box, Florida Democrats are leading every day to move our state forward.

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