As we all know, President Obama and Democratic and Republican leaders in Congress struck a deal to raise the debt ceiling.
But is it a good deal—or not?
Should progressive Democrats in Congress vote for or against it?
The deal will raise the debt ceiling so we can avoid defaulting on our debts. But what else will it do?
• It will cut $1 trillion in spending, but will not increase taxes.
• It will create a special committee or “Super Congress,” comprised of members from both chambers, to consider entitlement changes and tax reforms.
• It will implement automatic spending cuts if the special committee’s deficit reduction recommendations are not approved by Congress. Half of these spending cuts will come from the defense budget, while the other half will come from domestic programs. Medicaid and Social Security will be protected from these spending cuts, but Medicare will not.1
President Obama has said he is confident that the deal will “allow us to avoid default and end the crisis that Washington imposed on the rest of America.”2
Representative Raul Grijalva (D-Ariz) has slammed the deal, saying it “trades peoples’ livelihoods for the votes of a few unappeasable right-wing radicals.”3
What do you think? Should progressive members of Congress vote for the deal?
Let your voice be heard. Vote in our poll!
We’ll share the results with all our progressive members of Congress.