This week, the veterans group known as VoteVets released a scathing new ad going after Senate Minority Leader Mitch McConnell (R-Ky.) for his refusal to support efforts to raise the debt ceiling, which is a step that allows the U.S. government to avoid defaulting on its financial obligations.
As explained by The Wall Street Journal, the Treasury issues “sellable debt” in the form of government securities to cover past spending, taking in loans that cover the costs in exchange for agreements to pay interests to the sources of the money. But, once the debt ceiling is reached without a plan for its furtherance, serious consequences could ensue. As the Journal notes, “the Treasury has some cash reserves, [but] those will eventually run out, making it unable to pay the government’s bills on time.” These bills include payments to members of the military, and this issue is what VoteVets spotlighted in their new ad targeting Republicans.
A narrator said as follows:
‘It’s a world full of military challenges — terrorists waiting for their moment. China, pushing the limits. And a new threat emerging that goes right at the heart of our national security — coming from Mitch McConnell and his Republican band of brothers in the United States Senate. They’ve launched a political war that could hold our troops’ paychecks hostage, threatening a government default that could stop military pay. Threatening the security of 1.4 million active duty troops, the people who fly the skies, course the seas, and run toward danger to defend and protect the United States. Military families who struggle to get by in the best of times, cut off from their pay in the middle of a pandemic. Hey Mitch, knock off the politics and pay our patriots.’
Check out the video below:
Republicans are holding troop pay hostage. This makes them a national security threat. Tell them to #PayOurPatriots and stop playing games with the lives of those who offer theirs up for our country.#GOPDebtScam pic.twitter.com/H6FTcCitqD
— VoteVets (@votevets) September 27, 2021
House Speaker Nancy Pelosi (D-Calif.) has also called out Republicans for their refusal to support efforts to raise the debt ceiling. Democrats supported such efforts more than once during the Trump era, but such past shows of bipartisan cooperation have not swayed Republicans into supporting current efforts to keep the U.S. government from defaulting. On ABC’s This Week this past Sunday, Pelosi denounced how “irresponsible” that Republicans’ behavior has proven. She said that observers can “hope that the Republicans, enough of them, will find some level of responsibility to our country, to honor what’s in the Constitution that we not question the full faith and credit of the United States of America.”
Speaker Pelosi tells @GStephanopoulos that Democrats want bipartisan support for raising the debt ceiling: “Let’s hope that the Republicans, enough of them, will find some level of responsibility.” https://t.co/FG6EAjzr2S pic.twitter.com/CD3amuGD7X
— This Week (@ThisWeekABC) September 26, 2021