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2 checks for “Hakeem Jeffries”

Checked by PolitiFact11 Jan 2023United States Economy and jobs

Hakeem Jeffries, House Democratic Leader

“A “default on our debt” would be unprecedented in American history.”

PolitiFact rated this: Mostly True

PolitiFact says: There have been instances when the U.S. government changed the terms for bondholders, such as preventing them from trading paper holdings directly for precious metals, but experts do not consider these true defaults.

Checked by Washington Post20 Jul 2021United States Economy and jobs

Hakeem Jeffries, Member of the House (D-N.Y.)

“Republicans used it in 2017 to pass the GOP tax scam, where 83 percent of the benefits went to the wealthiest 1 percent and they saddled us with approximately $2 trillion in debt to subsidize the lifestyle of the rich and shameless.”

Washington Post rated this: Three Pinocchios

Washington Post says: He's using a number for 2027 -- far in the future -- that only emerges because of a quirk in how the bill was drafted.