Signatures needed: Even the threat of a federal default can hurt the economy

Friend, Republicans in Congress refuse to pass a clean funding bill, so we now face an unprecedented fiscal default. And the consequences [could be terrible](. [Write an urgent letter to your members of Congress: Pass a clean funding bill. No fiscal default on June 1. Social Security, Medicaid and SNAP food payments are on the line.]( [Sign and send the petition]( That default, which is projected on or around June 1, would plunge the U.S. into an [instant recession](. One million jobs would be lost in the first week, with nearly eight million jobs lost if a default goes on for multiple weeks. And it would hurt the most vulnerable. Federal payments to millions of working people, retirees, veterans and more would be delayed. That would include the sixty-six million people on Social Security who rely on it to make ends meet. Food Stamp payments would be delayed, as well as Medicaid. Meanwhile the stock market would take a severe hit, dropping anywhere from 33 – 45%, wiping out $12 trillion of household wealth, including retirement accounts. All because Republicans want to blackmail our federal government into making atrocious cuts to popular, effective programs while giving the ultra-rich even more tax breaks. This ends now—not on June 1st, but now. We must make our voices heard, and demand that Congress pass a clean funding bill to allow the federal government to pay its existing debts. [Sign and send the petition to Congress: End the default now. Pass a clean funding bill.]( [Sign and send the petition]( Keep fighting, Paul Hogarth, Daily Kos Daily Kos needs you now more than ever We are falling behind our projections for two of our three major revenue streams: advertising and list building. This means that at this moment, we need to rely more and more on donations from the Daily Kos community to make ends meet. Can you chip in $5 right now to help Daily Kos keep fighting? [Donate $5]( If you wish to donate by mail instead, please send a check to Daily Kos, PO Box 70036, Oakland, CA, 94612. Contributions to Daily Kos are not tax deductible. Sent via [ActionNetwork.org](. To update your email address, change your name or address, or to stop receiving emails from Daily Kos, please [click here](.