Sen. McConnell Urges Democrats to Raise Debt Ceiling Alone After Three Months of Instructing His Caucus to Block Democrats from Doing So

Sen. McConnell in May: “100% of my focus is on stopping this new administration.”

Just Last Week, McConnell Blocked a Bill to Raise the Debt Ceiling

A Majority of Voters (58%) Want Congress to Raise the Debt Ceiling, Blame Would Fall on GOP if Congress Fails

WASHINGTON, DC — Today, Senate Minority Leader Mitch McConnell sent a letter to President Biden urging Democrats to raise the debt ceiling on their own. Meanwhile, McConnell has spent three months instructing his caucus to filibuster any attempt from Democrats to do so — putting the economic security of millions of Americans at risk.

Invest in America Senior Advisor Zac Petkanas made the following statement: 

“If McConnell actually wanted to govern, he would instruct his caucus to vote in a bipartisan manner to raise the debt ceiling, as Congress has done 80 times before. Even if McConnell is not interested in governing, he could at least get out of the way to let Democrats do it on their own. But by blocking Democrats from even taking a vote Mitch McConnell’ is proving that his only goal is to sabotage the president’s agenda — something he admitted — and he’s willing to risk financial catastrophe to do it.

“Fortunately, voters see through the political games; they want Congress to raise the debt ceiling and they’ll blame Republicans if it doesn’t happen. The choice for Mitch McConnell is simple: stop the obstruction and let Democrats raise the debt ceiling, or take the blame for economic catastrophe.”

Voters want Congress to raise the debt ceiling and will blame Republicans if it doesn’t happen. 

  • 58% of voters — including a majority of independents (58%) — want Congress to raise the debt ceiling.

  • Voters would blame the GOP if Congress fails to raise the debt ceiling. Roughly one in three voters say “only interested in political gains,” wanting “to stop Biden at all costs,” and “putting American’s livelihoods at risk” best describe Republicans’ actions if they fail to come to a new agreement.

Republicans in Congress have consistently voted to raise or suspend the debt ceiling, even after costly tax cuts for the wealthy. 

  • Between 2017 and 2019a majority of GOP senators supported raising or suspending the debt ceiling three times, including after the passage of the Tax Cuts and Jobs Act which the CBO estimated would increase the deficit by $1.9 trillion.

  • Between 2001 and 2008, a majority of GOP senators supported raising the debt ceiling seven times, including after tax cuts that added $5.6 trillion to the deficit.

Failing to raise the debt ceiling would be catastrophic for American families. 

  • Seniors could lose Social Security checks, putting almost 22 million Americans at risk of falling into poverty.

  • Families could lose Child Tax Credit payments.

  • Military families could suffer as the Treasury becomes unable to pay military salaries.

  • Government employees and contractors could see their pay halt, and loans to small businesses could stop.

  • Household payments on mortgages, auto loans, and credit cards could rise.

  • American corporations and small businesses could see credit markets deteriorate.