AAMA Calls for Bipartisan Agreement on Debt Ceiling Increase

Published on September 30, 2021

(Washington, D.C.) — Amid a political standoff on the debt ceiling, Mayor Sylvester Turner (Houston, TX), president of the African American Mayors Association (AAMA), issued the following statement urging congress to increase the debt ceiling and protect working families:
 
"AAMA calls on Congress, in a bipartisan effort, to vote in favor of suspending or raising the debt ceiling to avoid widespread economic crisis. Failure to act will lead the federal government to impose sharp, massive spending reductions that will negatively impact working families, businesses and non-profit organizations.

 

"If the debt ceiling isn’t raised, state and local governments will face enormous reductions in federal grants-in-aid, ranging from the federal share of states’ Medicaid costs to federal funding for education. The cuts will only exacerbate the long-standing economic challenges working families across the country have struggled to overcome, and which are more acute now as a result of the pandemic. Cuts in federal funding would also exacerbate the strain on state budgets, which are already stretched thin because of unusually high pandemic-related costs. 

"American families shouldn’t have to shoulder new financial burdens that can easily be avoided if Congress does its job. The country’s financial stability should not be a pawn in a game of political chess. Congress must act now to increase the debt ceiling and protect our nation’s economic future."
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