[big campaign] New TV Ad: House Republicans are Recklessly Risking Defaulting on Our Nation’s Debt and Driving The Economy Off The Cliff

podesta-emails 1,521 words email

P17 V15 V16 D3 D6

-----BEGIN PGP PUBLIC KEY BLOCK----- mQQBBGBjDtIBH6DJa80zDBgR+VqlYGaXu5bEJg9HEgAtJeCLuThdhXfl5Zs32RyB I1QjIlttvngepHQozmglBDmi2FZ4S+wWhZv10bZCoyXPIPwwq6TylwPv8+buxuff B6tYil3VAB9XKGPyPjKrlXn1fz76VMpuTOs7OGYR8xDidw9EHfBvmb+sQyrU1FOW aPHxba5lK6hAo/KYFpTnimsmsz0Cvo1sZAV/EFIkfagiGTL2J/NhINfGPScpj8LB bYelVN/NU4c6Ws1ivWbfcGvqU4lymoJgJo/l9HiV6X2bdVyuB24O3xeyhTnD7laf epykwxODVfAt4qLC3J478MSSmTXS8zMumaQMNR1tUUYtHCJC0xAKbsFukzbfoRDv m2zFCCVxeYHvByxstuzg0SurlPyuiFiy2cENek5+W8Sjt95nEiQ4suBldswpz1Kv n71t7vd7zst49xxExB+tD+vmY7GXIds43Rb05dqksQuo2yCeuCbY5RBiMHX3d4nU 041jHBsv5wY24j0N6bpAsm/s0T0Mt7IO6UaN33I712oPlclTweYTAesW3jDpeQ7A ioi0CMjWZnRpUxorcFmzL/Cc/fPqgAtnAL5GIUuEOqUf8AlKmzsKcnKZ7L2d8mxG QqN16nlAiUuUpchQNMr+tAa1L5S1uK/fu6thVlSSk7KMQyJfVpwLy6068a1WmNj4 yxo9HaSeQNXh3cui+61qb9wlrkwlaiouw9+bpCmR0V8+XpWma/D/TEz9tg5vkfNo eG4t+FUQ7QgrrvIkDNFcRyTUO9cJHB+kcp2NgCcpCwan3wnuzKka9AWFAitpoAwx L6BX0L8kg/LzRPhkQnMOrj/tuu9hZrui4woqURhWLiYi2aZe7WCkuoqR/qMGP6qP EQRcvndTWkQo6K9BdCH4ZjRqcGbY1wFt/qgAxhi+uSo2IWiM1fRI4eRCGifpBtYK Dw44W9uPAu4cgVnAUzESEeW0bft5XXxAqpvyMBIdv3YqfVfOElZdKbteEu4YuOao FLpbk4ajCxO4Fzc9AugJ8iQOAoaekJWA7TjWJ6CbJe8w3thpznP0w6jNG8ZleZ6a jHckyGlx5wzQTRLVT5+wK6edFlxKmSd93jkLWWCbrc0Dsa39OkSTDmZPoZgKGRhp Yc0C4jePYreTGI6p7/H3AFv84o0fjHt5fn4GpT1Xgfg+1X/wmIv7iNQtljCjAqhD 6XN+QiOAYAloAym8lOm9zOoCDv1TSDpmeyeP0rNV95OozsmFAUaKSUcUFBUfq9FL uyr+rJZQw2DPfq2wE75PtOyJiZH7zljCh12fp5yrNx6L7HSqwwuG7vGO4f0ltYOZ dPKzaEhCOO7o108RexdNABEBAAG0Rldpa2lMZWFrcyBFZGl0b3JpYWwgT2ZmaWNl IEhpZ2ggU2VjdXJpdHkgQ29tbXVuaWNhdGlvbiBLZXkgKDIwMjEtMjAyNCmJBDEE EwEKACcFAmBjDtICGwMFCQWjmoAFCwkIBwMFFQoJCAsFFgIDAQACHgECF4AACgkQ nG3NFyg+RUzRbh+eMSKgMYOdoz70u4RKTvev4KyqCAlwji+1RomnW7qsAK+l1s6b ugOhOs8zYv2ZSy6lv5JgWITRZogvB69JP94+Juphol6LIImC9X3P/bcBLw7VCdNA mP0XQ4OlleLZWXUEW9EqR4QyM0RkPMoxXObfRgtGHKIkjZYXyGhUOd7MxRM8DBzN yieFf3CjZNADQnNBk/ZWRdJrpq8J1W0dNKI7IUW2yCyfdgnPAkX/lyIqw4ht5UxF VGrva3PoepPir0TeKP3M0BMxpsxYSVOdwcsnkMzMlQ7TOJlsEdtKQwxjV6a1vH+t k4TpR4aG8fS7ZtGzxcxPylhndiiRVwdYitr5nKeBP69aWH9uLcpIzplXm4DcusUc Bo8KHz+qlIjs03k8hRfqYhUGB96nK6TJ0xS7tN83WUFQXk29fWkXjQSp1Z5dNCcT sWQBTxWxwYyEI8iGErH2xnok3HTyMItdCGEVBBhGOs1uCHX3W3yW2CooWLC/8Pia qgss3V7m4SHSfl4pDeZJcAPiH3Fm00wlGUslVSziatXW3499f2QdSyNDw6Qc+chK hUFflmAaavtpTqXPk+Lzvtw5SSW+iRGmEQICKzD2chpy05mW5v6QUy+G29nchGDD rrfpId2Gy1VoyBx8FAto4+6BOWVijrOj9Boz7098huotDQgNoEnidvVdsqP+P1RR QJekr97idAV28i7iEOLd99d6qI5xRqc3/QsV+y2ZnnyKB10uQNVPLgUkQljqN0wP XmdVer+0X+aeTHUd1d64fcc6M0cpYefNNRCsTsgbnWD+x0rjS9RMo+Uosy41+IxJ 6qIBhNrMK6fEmQoZG3qTRPYYrDoaJdDJERN2E5yLxP2SPI0rWNjMSoPEA/gk5L91 m6bToM/0VkEJNJkpxU5fq5834s3PleW39ZdpI0HpBDGeEypo/t9oGDY3Pd7JrMOF zOTohxTyu4w2Ql7jgs+7KbO9PH0Fx5dTDmDq66jKIkkC7DI0QtMQclnmWWtn14BS KTSZoZekWESVYhORwmPEf32EPiC9t8zDRglXzPGmJAPISSQz+Cc9o1ipoSIkoCCh 2MWoSbn3KFA53vgsYd0vS/+Nw5aUksSleorFns2yFgp/w5Ygv0D007k6u3DqyRLB W5y6tJLvbC1ME7jCBoLW6nFEVxgDo727pqOpMVjGGx5zcEokPIRDMkW/lXjw+fTy c6misESDCAWbgzniG/iyt77Kz711unpOhw5aemI9LpOq17AiIbjzSZYt6b1Aq7Wr aB+C1yws2ivIl9ZYK911A1m69yuUg0DPK+uyL7Z86XC7hI8B0IY1MM/MbmFiDo6H dkfwUckE74sxxeJrFZKkBbkEAQRgYw7SAR+gvktRnaUrj/84Pu0oYVe49nPEcy/7 5Fs6LvAwAj+JcAQPW3uy7D7fuGFEQguasfRrhWY5R87+g5ria6qQT2/Sf19Tpngs d0Dd9DJ1MMTaA1pc5F7PQgoOVKo68fDXfjr76n1NchfCzQbozS1HoM8ys3WnKAw+ Neae9oymp2t9FB3B+To4nsvsOM9KM06ZfBILO9NtzbWhzaAyWwSrMOFFJfpyxZAQ 8VbucNDHkPJjhxuafreC9q2f316RlwdS+XjDggRY6xD77fHtzYea04UWuZidc5zL VpsuZR1nObXOgE+4s8LU5p6fo7jL0CRxvfFnDhSQg2Z617flsdjYAJ2JR4apg3Es G46xWl8xf7t227/0nXaCIMJI7g09FeOOsfCmBaf/ebfiXXnQbK2zCbbDYXbrYgw6 ESkSTt940lHtynnVmQBvZqSXY93MeKjSaQk1VKyobngqaDAIIzHxNCR941McGD7F qHHM2YMTgi6XXaDThNC6u5msI1l/24PPvrxkJxjPSGsNlCbXL2wqaDgrP6LvCP9O uooR9dVRxaZXcKQjeVGxrcRtoTSSyZimfjEercwi9RKHt42O5akPsXaOzeVjmvD9 EB5jrKBe/aAOHgHJEIgJhUNARJ9+dXm7GofpvtN/5RE6qlx11QGvoENHIgawGjGX Jy5oyRBS+e+KHcgVqbmV9bvIXdwiC4BDGxkXtjc75hTaGhnDpu69+Cq016cfsh+0 XaRnHRdh0SZfcYdEqqjn9CTILfNuiEpZm6hYOlrfgYQe1I13rgrnSV+EfVCOLF4L P9ejcf3eCvNhIhEjsBNEUDOFAA6J5+YqZvFYtjk3efpM2jCg6XTLZWaI8kCuADMu yrQxGrM8yIGvBndrlmmljUqlc8/Nq9rcLVFDsVqb9wOZjrCIJ7GEUD6bRuolmRPE SLrpP5mDS+wetdhLn5ME1e9JeVkiSVSFIGsumZTNUaT0a90L4yNj5gBE40dvFplW 7TLeNE/ewDQk5LiIrfWuTUn3CqpjIOXxsZFLjieNgofX1nSeLjy3tnJwuTYQlVJO 3CbqH1k6cOIvE9XShnnuxmiSoav4uZIXnLZFQRT9v8UPIuedp7TO8Vjl0xRTajCL PdTk21e7fYriax62IssYcsbbo5G5auEdPO04H/+v/hxmRsGIr3XYvSi4ZWXKASxy a/jHFu9zEqmy0EBzFzpmSx+FrzpMKPkoU7RbxzMgZwIYEBk66Hh6gxllL0JmWjV0 iqmJMtOERE4NgYgumQT3dTxKuFtywmFxBTe80BhGlfUbjBtiSrULq59np4ztwlRT wDEAVDoZbN57aEXhQ8jjF2RlHtqGXhFMrg9fALHaRQARAQABiQQZBBgBCgAPBQJg Yw7SAhsMBQkFo5qAAAoJEJxtzRcoPkVMdigfoK4oBYoxVoWUBCUekCg/alVGyEHa ekvFmd3LYSKX/WklAY7cAgL/1UlLIFXbq9jpGXJUmLZBkzXkOylF9FIXNNTFAmBM 3TRjfPv91D8EhrHJW0SlECN+riBLtfIQV9Y1BUlQthxFPtB1G1fGrv4XR9Y4TsRj VSo78cNMQY6/89Kc00ip7tdLeFUHtKcJs+5EfDQgagf8pSfF/TWnYZOMN2mAPRRf fh3SkFXeuM7PU/X0B6FJNXefGJbmfJBOXFbaSRnkacTOE9caftRKN1LHBAr8/RPk pc9p6y9RBc/+6rLuLRZpn2W3m3kwzb4scDtHHFXXQBNC1ytrqdwxU7kcaJEPOFfC XIdKfXw9AQll620qPFmVIPH5qfoZzjk4iTH06Yiq7PI4OgDis6bZKHKyyzFisOkh DXiTuuDnzgcu0U4gzL+bkxJ2QRdiyZdKJJMswbm5JDpX6PLsrzPmN314lKIHQx3t NNXkbfHL/PxuoUtWLKg7/I3PNnOgNnDqCgqpHJuhU1AZeIkvewHsYu+urT67tnpJ AK1Z4CgRxpgbYA4YEV1rWVAPHX1u1okcg85rc5FHK8zh46zQY1wzUTWubAcxqp9K 1IqjXDDkMgIX2Z2fOA1plJSwugUCbFjn4sbT0t0YuiEFMPMB42ZCjcCyA1yysfAd DYAmSer1bq47tyTFQwP+2ZnvW/9p3yJ4oYWzwMzadR3T0K4sgXRC2Us9nPL9k2K5 TRwZ07wE2CyMpUv+hZ4ja13A/1ynJZDZGKys+pmBNrO6abxTGohM8LIWjS+YBPIq trxh8jxzgLazKvMGmaA6KaOGwS8vhfPfxZsu2TJaRPrZMa/HpZ2aEHwxXRy4nm9G Kx1eFNJO6Ues5T7KlRtl8gflI5wZCCD/4T5rto3SfG0s0jr3iAVb3NCn9Q73kiph PSwHuRxcm+hWNszjJg3/W+Fr8fdXAh5i0JzMNscuFAQNHgfhLigenq+BpCnZzXya 01kqX24AdoSIbH++vvgE0Bjj6mzuRrH5VJ1Qg9nQ+yMjBWZADljtp3CARUbNkiIg tUJ8IJHCGVwXZBqY4qeJc3h/RiwWM2UIFfBZ+E06QPznmVLSkwvvop3zkr4eYNez cIKUju8vRdW6sxaaxC/GECDlP0Wo6lH0uChpE3NJ1daoXIeymajmYxNt+drz7+pd jMqjDtNA2rgUrjptUgJK8ZLdOQ4WCrPY5pP9ZXAO7+mK7S3u9CTywSJmQpypd8hv 8Bu8jKZdoxOJXxj8CphK951eNOLYxTOxBUNB8J2lgKbmLIyPvBvbS1l1lCM5oHlw WXGlp70pspj3kaX4mOiFaWMKHhOLb+er8yh8jspM184= =5a6T -----END PGP PUBLIC KEY BLOCK----- [cid:[email protected]][cid:[email protected]] www.SEIU.org<http://www.seiu.org/> www.americansunitedforchange.org<http://www.americansunitedforchange.org/> FOR IMMEDIATE RELEASE CONTACT: Tyler Prell, SEIU, 202.730.7278 July 21, 2011 Jeremy Funk, Americans United, 202.470.5878 New TV ad Hits Airwaves in 4 U.S. House Districts: Republicans in Congress are Recklessly Risking Defaulting on Our Nation’s Debt and Driving The Economy Off The Cliff Ad: U.S. Reps. Sean Duffy (WI-7), Dave Camp (MI-4), Chip Cravaack (MN-8), Richard Hanna (NY-24) Are Willing to Risk American Jobs to Protect Tax Breaks for Millionaires, Big Oil Companies and Corporate Jets [cid:[email protected]]<http://www.youtube.com/watch?v=QOH625vZx2Q> Click Below to View Each Version of “RECKLESS” Airing in the Following Media Markets Starting Today : Duffy (R-WI-7) – Wausau, WI : http://www.youtube.com/watch?v=R6GoHcWAmhY Camp (R-MI-4) – Traverse City, MI : http://www.youtube.com/watch?v=MezQ-ROQUbI Cravaack (R-MN-8) – Duluth, MN : http://www.youtube.com/watch?v=Dp4GeigKmzU Hanna (R-NY-24) – Syracuse, NY : http://www.youtube.com/watch?v=QOH625vZx2Q Washington DC – The clock is running out. With the August 2 deadline fast approaching for Congress to avoid defaulting on the nation’s debt obligations, which the business and economic communities warn could lead to another Great Recession and cost hundreds of thousands of Americans their jobs, a new TV ad begins airing today in the districts of U.S. Reps. Sean Duffy (R-WI-7), Dave Camp (MI-4), Chip Cravaack (MN-8), and Richard Hanna (NY-24), urging them to stop risking the American economy to protect big oil subsidies and tax breaks for millionaires, corporate jets, and companies that ship jobs overseas. See script below for “Reckless,” an effort sponsored by the Service Employees International Union (SEIU) and Americans United for Change. Mary Kay Henry, President of the Service Employees International Union (SEIU): "These Partisan extremists seem willing to drive our economy right off a cliff unless they can enact their job-killing cut and gut economic policies. Congress should be focused on creating jobs, not finding ways slash Social Security, Medicare and Medicaid. Working families will not forget those who step forward for a balanced approach and those who wish to sacrifice the American Dream to satisfy an ideological agenda." Tom McMahon, Executive Director, Americans United for Change: “These Republicans are all playing a dangerous game of chicken with the economy by threatening to let the nation default on its debt obligations – and he’s risking it all for no other reason but to protect tax breaks for millionaires, Big Oil, hedge fund managers, and companies that outsource U.S. jobs. The consequences of failing to act can not be overstated. The business, economic and financial communities warn that default could crash our economy, burn hundreds of thousands of jobs and, ironically, would mean hundreds of billions of dollars in new debt because it would permanently spike interest rates. The government warns it would have to immediately cease sending out Social Security checks and other benefits that our seniors, veterans, and people with disabilities are counting on. This is not a game. If Republicans in Congress were really serious about getting the nation’s fiscal house in order, they would stop threatening to derail the economy and explode the nation’s debt by defaulting -- and they would start voting to end wasteful subsidies to big oil and close corporate tax loopholes.” In addition to the TV ad effort, SEIU will run video pre-roll ads on local news Web sites as well as geo-targeted video ads on Google's network in Sean Duffy's district. SEIU will also run Facebook ads targeting fans of all four representatives and Democrats in their districts. -30- SCRIPT: “Reckless” :30 Congressman ______ and the Republicans in Congress are driving us toward the edge of the cliff. Recklessly risking default. Recklessly risking jobs and the American economy. They’re willing to risk it all to protect the tax breaks of millionaires, oil companies and CEOs who fly around in corporate jets. Even if the rest of us crash and burn. Tell Congressman _____ -- Don’t drive America’s economy off a cliff. Paid for by SEIU and Americans United for Change CONSEQUENCES OF DEFAULTING ON NATION’S DEBT: “Dangerous Gamble,” “higher federal debt,” “Could Blow Up the Economy,” “possible collapse in equity prices, bank failures and a severe depression” Ø Washington Post’s Ezra Klein, July 11: ‘Defaulting on the debt would return us to recession’<http://www.washingtonpost.com/blogs/ezra-klein/post/defaulting-on-the-debt-would-return-us-to-recession/2011/07/11/gIQAA7nv8H_blog.html> : $134 billion, or 10 percent of August’s GDP. That’s the size of the economic hit we’ll take if the debt ceiling isn’t raised and the federal government has to slash spending by 44 percent for the month of August. Ø Center for American Progress, July 12<http://www.americanprogress.org/issues/2011/07/creditworthiness.html>: The last time the United States experienced a “technical default” in 1979—the kind that House Majority Leader Eric Cantor (R-VA) assures us doesn’t really matter<http://www.bloomberg.com/news/2011-05-17/bond-market-not-focused-on-debt-limit-deadline-cantor-says.html>—interest rates spiked by some 0.6 percentage points on a “permanent basis.”<http://econpapers.repec.org/article/blafinrev/v_3a24_3ay_3a1989_3ai_3a3_3ap_3a475-89.htm> Economist Christian E. Weller, estimates that a one-half percentage point increase in the 10-year Treasury rate will raise mortgage rates by 0.66 percentage points.<http://www.americanprogress.org/issues/2011/05/debt_ceiling_housing.html> Ø Think Progress, July 15, ‘Boehner Agrees With Obama That Social Security Checks May Not Go Out If The Debt Ceiling Isn’t Raised’<http://thinkprogress.org/economy/2011/07/15/270260/boehner-debt-ceiling-social-security/> : As a report from the Bipartisan Policy Center laid out, “the government likely would not have enough revenue<http://thinkprogress.org/economy/2011/06/29/257003/debt-ceiling-social-security-cuts/> to pay the full $23 billion payment to Social Security recipients due on Aug. 3″ were the debt ceiling not raised, because of the high amount of Social Security payments that are due that day. Ø Center for American Progress, 7/7/11<http://www.americanprogress.org/issues/2011/07/debt_limit_drag.html>: We’ve shown<http://www.americanprogress.org/issues/2011/06/frozen_debt.html> that a two-month failure to raise the debt limit could result in the largest quarterly economic decline since 1947…That would obviously be a bigger decline than in any quarter of the Great Recession. And the worst quarter of the Great Recession saw a loss of nearly 2 million jobs.” Ø Wall Street Journal, 5/17: Business Groups to Congress: ‘Raising Debt Ceiling Is Critical’<http://blogs.wsj.com/washwire/2011/05/11/business-groups-to-congress-raising-debt-ceiling-is-critical/> : Sixty-two business groups, including the American Gas Association, the Telecommunications Industry Association, and the National Association of Manufacturers, urged congressional leaders on Wednesday to raise the federal debt ceiling amid fears that political brinkmanship could lead to another financial crisis. Ø Talking Points Memo, 6/9: “Experts: Even Brief Default Could Blow Up The Economy”<http://tpmdc.talkingpointsmemo.com/2011/06/would-default-blow-up-the-deficit-even-worse.php> : Because interest rates on bonds determine how much it costs the US government to secure more debt, even seemingly slight changes can affect the long term deficit on a large scale. A 1% rise in interest rates, or 100 basis points, would grow the deficit by over $400 billion over the next five years and $1.2 trillion from 2012-2021, according to the CBO. Ø Talking Points Memo, 6/14: ‘CBO Director Elmendorf: Debt Default ‘A Dangerous Gamble’<http://tpmdc.talkingpointsmemo.com/2011/06/cbo-director-elmendorf-debt-default-a-dangerous-gamble.php>. Ironically, Elmendorf noted that one of the potential consequences of even a brief period of default would be higher federal debt, triggered by a spike in interest rates and, thus, higher interest payments on federally issued debt. Ø Wall Street Journal, May 13: US Chamber Urges Lawmakers to Raise Debt Limit ‘Expeditiously’<http://blogs.wsj.com/washwire/2011/05/13/chamber-urges-lawmakers-to-raise-debt-limit-expeditiously/>. The business community’s chief lobby in Washington made the case in a letter<http://online.wsj.com/article/SB10001424052748704681904576319631004754242.html> to lawmakers signed by Bruce Josten, the group’s head of government affairs, arguing that failure to pass legislation authorizing an increase in borrowing by Aug. 4 “would create uncertainty and fear, and threaten the credit rating of the United States.” Ø Politico, 4/27: ‘Bank execs warn GOP on debt limit’<http://www.politico.com/news/stories/0411/53783.html> : Executives from the deep-pocketed industry that traditionally pumps millions into political campaigns are warning members that failure to raise the limit would risk a spike in interest rates, a possible collapse in equity prices, bank failures and a severe depression. Ø If Republicans in Congress Won’t Listen to the American People, Will They Listen to Ronald Reagan? SEE: NPR: Poll: More Americans Than Not Now Back Debt Ceiling Boost<http://www.npr.org/blogs/itsallpolitics/2011/07/19/138524850/poll-more-americans-than-not-now-back-debt-ceiling-boost>. CLICK HERE TO LISTEN<http://www.youtube.com/watch?v=e6nNJiJsm70> to audio of President Ronald Reagan delivering his weekly radio address in September 1987, words that the GOP should very much heed today: “Congress consistently brings the Government to the edge of default before facing its responsibility. This brinkmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the Federal deficit would soar. The United States has a special responsibility to itself and the world to meet its obligations. It means we have a well-earned reputation for reliability and credibility — two things that set us apart from much of the world.” -- You received this message because you are subscribed to the "big campaign" group. To post to this group, send to [email protected] To unsubscribe, send email to [email protected] E-mail [email protected] with questions or concerns This is a list of individuals. It is not affiliated with any group or organization.