Feds to Congress: Fix the Debt Ceiling
- By FederalSoup Staff
- Oct 05, 2021
Many federal employees for weeks now have joined other everyday Americans in calling on Congress to do something—and fast—about fixing the lingering debt ceiling standoff on Capitol Hill.
Treasury Secretary Janet Yellen and a chorus of economic experts in government, banking and academia have all signaled increasing concern that what they see as a dangerous legislative game of chicken going on right now on in Washington could derail not just federal spending—but the economy as a whole.
Yellen is warning that failure to act decisively will cause a recession, and recently she reiterated her support for, in the future, completely removing Congress from control over the issue.
Among feds, the National Treasury Employees Union is speaking out for the government workforce and the public, telling our country’s lawmakers—particularly those who have announced their refusal to raise the limit—to turn around, face facts and vote to raise it.
“NTEU members across the country are urging Congress to do its job and raise the debt limit to maintain the full faith and credit of the United States,” the union said in a release this week. “The Department of the Treasury has made it clear that failing to increase the debt limit would have catastrophic economic consequences and cause the government to default on its legal obligations leading to a financial crisis.”
“NTEU calls on Congress to act immediately to raise the debt limit,” the union stated.
Other federal employee advocacy organizations—such as the National Association of Active and Retired Employees (NARFE)—have also spoken on the issue in recent months, expressing their concerns. And numerous news and related sites catering to federal community and financial interests (such as GovExec and the Washington Post among the former and the Financial Times of the latter) recently have provided detailed (and harrowing) analyses of the dangers of a congressional train wreck leading to no debt limit legislation.
Certain other sites, including National Review, have published opinion and analysis pieces arguing in favor of those on the Hill, led by the Republican minority, who are resisting raising the ceiling.