Georgia lawmakers remain split on debt ceiling as deadline gets closer and closer
The clock is still ticking on raising the debt ceiling as the June 1 deadline looms closer. Economists warn not raising the ceiling could lead the country into recession.
Rep. Nikema Williams warned seniors Friday that they could be among the hardest hit if no deal is reached.
Williams spent some of Friday at a Forest Park senior center celebrating them but also warning them that the latest Republican proposals on raising the debt ceiling would ultimately hurt them.
“It could affect their Social Security benefits, Medicare and Medicaid benefits, and veterans on Memorial Day weekend. We’re looking at a manufactured crisis by the Republican party that could cut veteran benefits,” William said.
Despite negotiations, both sides seem far apart on how to solve the debt ceiling crisis. If they don’t reach a deal by June 1, the US government could default on its financial obligations for the first time in history, and that, some economists warn, could tip the country into recession.
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Georgia Republicans seem to be holding the line on requiring future spending cuts to make the deal.
“We’re fighting for hard-working Americans, fiscal sanity, and the future of our republic. Republicans can’t back down,” Republican Rep. Andrew Clyde said.
“We don’t have a revenue problem in Georgia, we have a spending problem,” Rep. Marjorie Taylor Greene said.
Williams said Democrats are holding the line, too.
“All 213 Democrats in Congress stand united, ready to lead in the country and do what we’ve done under Democratic presidents, Republican presidents, and that is save our economy,” Williams said.
While June 1 is the stated deadline, some believe that date could shift a few days, giving both sides a little more time to strike a deal.
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