Conservatives Urge GOP to Raise Debt Ceiling

Default Denialists Called Out By Conservatives

We are now 11 days away from a default on our obligations, and House Republicans appear no closer to agreeing to increase the debt ceiling than they were weeks ago. The business community and other conservatives appear to be reacting to this default denialism with increasing alarm. Here’s a rundown of some of the right-wing calls to raise the debt ceiling.

U.S. Chamber of Commerce

We have been telling you for weeks and months that defaulting on our debt is not an option – it has real, immediate, and potentially catastrophic consequences. [...]

The result from political inaction could be devastating.

Financial Services Forum

Failure to raise the debt ceiling and the ensuing default and inability of our country to pay its bills as they come due would have harsh implications for the dollar, the international and domestic financial system, economic growth and job creation. It is critically important that our leaders arrive at a deal to avoid both the negative consequences of a default and address our federal debt and large annual budget deficits in a responsible way.

More than 450 Corporate CEOs

Now is the time for our political leaders to put aside partisan differences and act in the nation’s best interests. It is time to pull together rather than pull apart.

Virginia Gov. Bob McDonnell (R)

But they’ve got to get this done immediately or the uncertainty for the business community is going to be just devastating to our country.

Mesa Arizona Mayor Scott Smith (R), Vice President, U.S. Conference of Mayors

Anything that upsets the potential for any kind of recovery creates huge problems for the city… We’re sort of at the bottom of the food chin. When you have someone out of work, when you have someone who’s homeless, when you have someone with mental health issues, any interruption, anything that disrupts the economy, hurts our ability to help them.

Many of the social ills that we experience, you can’t just ignore. We have people who are homeless, we have people who are unemployed. They don’t just go away when governments cut their budgets…These are human beings, they still have needs, they still have problems…Our biggest concern is when there’s an across the board cut in spending without thinking about these different needs, you end up paying more.

President Ronald Reagan