Horsford Highlights Constituents Who Would Suffer Under Republican-forced Default on U.S. Debts
May 26, 2023
This Republican default on our debt would:
-Kill about 7,000 jobs in NV-04 alone. Nationwide, a default could kill more than 7 million jobs.
-Jeopardize Social Security payments for 87,000 families in NV-04.
-Put health benefits at risk for 305,000 people in NV-04 who rely on Medicare, Medicaid, or Veterans Affairs health coverage.
-Increase lifetime mortgage costs for the typical homeowner in Nevada by $61,000.
-Raise the costs of a new car loan for the typical American by $800.
-Threaten the retirement savings of 96,700 people near retirement in NV-04, eliminating $20,000 from the typical retirement portfolio.