DES MOINES, Iowa, Feb. 11 -- The Iowa Democratic Party issued the following news release:
With less than three weeks left until the United States could default on its loans for the first time in history, Republicans Sam Clovis, Joni Ernst and Matt Whitaker are putting the interests of the extreme right-wing of their party before the economic security of Iowa's families. At a GOP Senate debate last month in Pottawattamie County, the three candidates all stated they would vote against raising the debt ceiling, thus leaving the United States without enough money to pay its bills and prompting a cataclysmic economic crisis that would lead to fewer jobs, delayed Social Security and Medicare payments and reduced savings for Iowa families.
The House of Representatives is due to vote on a bill to raise the debt ceiling tomorrow.
"The willingness of Republicans Sam Clovis, Joni Ernst and Matt Whitaker to trigger an economic calamity simply to placate the extreme factions of their party is dangerous for Iowa families and the financial stability of the entire country," said Iowa Democratic Party Chairman Scott Brennan. "Defaulting on our loans would erase all of the important economic gains of the past four years and put the economic security of every Iowan at risk. Iowans deserve a Senator who can put the fiscal needs of the country and of Iowa's families ahead of extreme partisanship."
If the United States was to default on its loans for the first time in history, it would threaten the nation's fiscal health--destabilizing markets, destroying jobs, reducing retirement savings, and putting the economic security of Iowa families at risk. Interest rates on everything from credit cards to student loans, car loans and mortgage loans could increase, and the government would have to stop or delay payments for vital obligations such as Social Security, Medicare and military salaries.
Clovis: "I Would Not Support Raising The Debt Ceiling." At a January 2014 Republican primary debate, Republican candidate Sam Clovis said: "I would not support raising the debt ceiling because sooner or later the Congress of the United States has to take the responsibility given to them by the American people to manage the wealth of this nation. You cannot continue to kick this can down the road. Sooner or later somebody has to go in there and make the statement, 'Everybody wants to go to heaven, nobody wants to die.'" [Pottawattamie County GOP Debate, 1/20/14]
Whitaker: "When You Personally Have Too Much Debt, You Cut Up Your Credit Card." At a January 2014 Republican primary debate, Republican candidate Matt Whitaker said: "There's a couple common sense analogies. When you personally have too much debt, you cut up your credit card. When you find yourself in a hole, you stop digging. We cannot trust the people in Washington, D.C. to continue to borrow against Olivia's future. We need to make the tough choices. We need to make the tough choices now. And we need to get this budget balanced and stop borrowing against our children's future." [Pottawattamie County GOP Debate, 1/20/14]
Ernst: "We Do Not Need To Raise The Debt Ceiling." At a January 2014 Republican primary debate, Republican candidate Joni Ernst said: "I would not support it. It is not fair to Olivia. It is not fair to Libby. It is not fair to Chelsea. We cannot continue to do this. We can operate our government. We do not need to raise the debt ceiling. We have to cut spending, we have to put in order a balanced budget amendment, and we have to grow our economy. We can't continue to spend or borrow 40 cents out of every dollar. Thank you." [Pottawattamie County GOP Debate, 1/20/14]
Jacobs: "We Also Cannot Threaten The Full Faith And Credit Of Our Federal Government Here." At a January 2014 Republican primary debate, Republican candidate Mark Jacobs said: "there's no question that we need to cut spending. I think that's clear to all of us. But we also cannot threaten the full faith and credit of our federal government here. I've run a business. I know what it takes to do that, and, candidly, to threaten the full faith and credit of the United States government, to me, is silly. This is a false choice that our elected leaders put us into, and that's why we need real world, common sense experience in Washington." [Pottawattamie County GOP Debate, 1/20/14]