Rep. Lisa Blunt Rochester says Republican debt limiting bill puts nation at risk of defaulting

DELAWARE – Representative Lisa Blunt Rochester says she does not believe McCarthy currently has enough Republican support for his debt-reducing bill that would roll back major parts of President Biden’s funding plan in exchange for a one-year extension on the U.S. Debt limit.

“We are set to have a vote this Wednesday, and I cannot predict how that will shake out because Republicans right now don’t look like they know what is in the bill,” she said adding that a default on the U.S. Debt would be disastrous for the U.S.

“This is not some pie-in-the-sky policy, this is peoples pensions, peoples retirements, social security so this is an extremely serious discussion,” she said, adding that Democrats would not support a rollback of the scale envisioned in the current language in the bill.

Those rollbacks include cutting tax incentives for electric vehicles as well as requiring Medicaid recipients to work 80 hours per month or 20 hours per week to remain eligible.

“What he is in fact proposing, Senator McCarthy would also roll back major investments we have made in climate in clean energy jobs so this is about the present but about our future as well,” Representative Blunt-Rochester said.

McCarthy can only afford to lose four Republican votes before the measure would fail to pass in the U.S. House.