Cardinal & Pine Profile picture
May 9 10 tweets 6 min read Twitter logo Read on Twitter
🚨 Here’s what you need to know about what’s being called the “debt ceiling crisis."

#ncpol #DebtLimit Image
👉 The debt ceiling is a numerical limit, set by Congress, on how much money the federal government can borrow to pay its bills.

#ncpol #DebtLimit
Most years, the federal government spends more than it takes in in taxes, so it has to sell Treasury bonds to cover the difference and pay the country’s bills, up to the limit set by Congress.

#ncpol #DebtLimit
👉 When the government reaches that borrowing limit, Congress can either raise the debt ceiling or vote to suspend it for a specific period of time, allowing the Treasury Department to borrow as much as it needs.

#ncpol #DebtLimit
👉 Congress has raised the debt ceiling 78 times since 1960—including three times under former President Trump—because failing to raise the limit would cause the US to default on its debt, triggering a global financial crisis.

#ncpol #DebtLimit
👉 This is a crisis created by the Republican majority in #Congress which is threatening to blow up the economy unless the #Biden admin and Democratic-controlled Senate agree to dramatically cut $ on child care programs, Medicaid, food assistance, rental assistance, and more.
If Democrats refuse, Republicans have suggested they’ll let the US breach the debt ceiling.

#ncpol #DebtLimit
👉 Within a week of breaching the debt ceiling, the US would be unable to pay many of its bills and many programs that Americans rely on would be effectively paused. Interest rates would rise and stock markets would plunge.

#ncpol #DebtLimit
👉 An extended breach of the debt ceiling would eliminate more than 7 million jobs and eliminate $10 trillion in American household wealth, according to a report from Moody’s Analytics.

#ncpol #DebtLimit
👉 President Biden has called on Republicans to pass a “clean” debt ceiling increase with no spending cuts, as Democrats did three times during the Trump administration, but Republicans have refused.

#ncpol #DebtLimit

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More from @CardinalAndPine

May 9
Spoke with NC doctor for a deep dive on hidden dangers of the abortion ban. GOP leaders said they too spoke to doctors in crafting the bill . "That wasn't a lie," the doctor told us. "We've been speaking with them for almost a year now to educate them. They just didn't listen."
Bill requires 3 in-person visits for medication abortion. Not medically necessary, the doctor told us. Forcing pregnant women to see ultrasound before an abortion? Not medically necessary. In-person consult 72-hours before surgical abortion? Nothing to do with medicine, she said.
The doctor stayed up til 2 a.m. reading the bill the night it was released, she said, writing notes in the margins. So many notes. So many dangerous things. Too many to catch them all. We asked about a provision that caught our eye after like the 10th read. It was one she missed.
Read 5 tweets
May 8
😠 Many American workers would get taken advantage of by a new Republican bill, according to @AFLCIO, the nation’s largest federation of labor unions.

#ncpol #DebtLimit Image
The bill would make cuts to healthcare, food assistance, rental assistance, and other programs that many workers rely on.

#ncpol #DebtLimit
According to a report from Moody’s analytics, the bill would “meaningfully increase the likelihood” of a recession and cost the US 780,000 jobs by the end of 2024 if it were to become law.

#ncpol #DebtLimit
Read 5 tweets
May 8
🤚 Are you sick and tired of gun violence?

Most Americans are, and a new Fox News poll found that an overwhelming majority of voters want lawmakers to pass laws to address gun violence.

#ncpol #GunViolence Image
The poll was taken even before a man with reportedly white supremacist views opened fire in a Texas mall over the weekend, killing 8 people.

#ncpol #TexasMall
The poll found that more than 80% of Americans support background checks for gun purchases, raising the legal age to 21 to buy all guns, and a ban on assault weapons.

#ncpol
Read 5 tweets
May 4, 2022
[THREAD] With former President #Trump's appointees appearing set to overturn abortion rights, @POTUS on Wednesday called Trump's far-right base "the most extreme political organization" in recent American history.

#uspolitics #RoeVWade #RoeOverturned #RoeVsWade #MAGA
If the @GOP appointees overturn that case, it could effectively outlaw abortion in more than a dozen states immediately, with another dozen or so states likely to follow.

#uspolitics #RoeVWade #RoeOverturned #RoeVsWade
It could potentially open the door for right-wing crackdowns in other areas too such as #LGBTQ rights.

#uspolitics #scotus #RoeVWade #RoeOverturned #RoeVsWade
Read 6 tweets
May 2, 2022
[THREAD] Black and Native babies, as well as their mothers, experience worse health outcomes than their white counterparts in #NorthCarolina.

Here’s how @ncatsuaggies, the nation’s largest #HBCU, is making a difference.

#healthcare #BlackLivesMatter cardinalpine.com/story/ncs-bigg…
Encouraging more parents to breastfeed in the first few days and months of a child’s life can help enormously, with research showing there’s a lifetime of health benefits for both moms and babies.

#northcarolina cardinalpine.com/story/ncs-bigg…
But less than 2% of certified lactation consultants are Black even though research shows people respond best to health messages from those of similar backgrounds.

#northcarolina #healthcare cardinalpine.com/story/ncs-bigg…
Read 6 tweets
May 2, 2022
If it's Monday, then it's time for us to test your #NorthCarolina knowledge. Let us know in the replies where this is! 🔎

#NameThatNCPlace #ncnature #nctravel Image
Ok, first clue: You can see the ocean in the background, so no surprise here that this is on our coast. These live oaks flank what was a Confederate fort during the Civil War erected to fortify one of the two locations where the Cape Fear River meets the Atlantic.
Next clue: You can visit this historic site year-round, but the warm months have the added bonus of being near six miles of state-owned beach with no development outside a visitor center and boardwalk.
Read 4 tweets

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