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Mrs. McCLELLAN. Mr. Speaker, I rise today to underscore the pressing need to protect the full faith and credit of the United States and cleanly raise the debt ceiling.
The debt default would be catastrophic for my constituents in Virginia's Fourth District and for Americans across the Nation. It would jeopardize Social Security payments for 98,000 families in my district and disrupt over $160 million a month in Social Security income, not to mention its detrimental impacts on mortgage payments, student loans, car loans, and more.
Yet, congressional Republicans are holding the American economy hostage, threatening a default unless their extreme proposals are met. Let's be clear, H.R. 2811, or the default on America act, would slash funding and limit access to crucial social safety net programs like SNAP benefits, school funding, and childcare options, which would disproportionately impact low-income communities and communities of color.
It would also immediately rescind $2 billion in funding of veteran medical care, impacting countless veterans and families in our communities.
Mr. Speaker, we need to cleanly raise the debt ceiling without strings attached that affect our national security interests.
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