Fox News prime-time star Sean Hannity is urging Republicans in Congress to risk a catastrophic default of the U.S. national debt by demanding concessions in exchange for raising the debt ceiling. This irresponsible brinkmanship is nothing new for Hannity, who has been encouraging Republicans to enact government shutdowns and refuse to increase the debt ceiling at least as far back as 2011, all the while downplaying the potentially catastrophic consequences. Media Matters has collected nearly 50 examples of Hannity using his platform to promote this disastrous agenda.
Last week, Axios reported that Treasury Secretary Janet Yellen had informed House Speaker Kevin McCarthy (R-CA) that the U.S. government will reach its debt limit — which is the total amount of money the U.S. can borrow to pay for existing, previously authorized spending — on January 19 and then begin so-called “extraordinary measures” to avoid default, which include accounting tricks like the Treasury Department suspending payments to government employee benefit funds. It is important to emphasize that raising the debt ceiling does not authorize additional spending; it merely allows the government to pay for spending that Congress has already authorized.
Prior to the 2022 midterm elections, The Washington Post reported that McCarthy vowed to use the debt ceiling to force federal spending cuts, possibly including Social Security and Medicare. And a January 13 article from the Post explained that House Republicans are preparing a plan to tell the Treasury which payments to prioritize during a default, which the Post described as “unprecedented and hugely controversial” which “could turn into a major political liability for the GOP,” and is not likely to work.
The consequences of a Republican-engineered sovereign debt default would be devastating to the American and global economies. As Voice of America reported in September:
Maya MacGuineas of the conservative-leaning Committee for a Responsible Federal Budget, which otherwise encourages reduced federal spending to reduce the budget deficit and national debt, told CNN that deliberating defaulting on the debt by refusing to raise the debt ceiling “would be such a self-imposed disaster that we wouldn’t recover from.”
And as tens of millions of America’s retired, disabled, veteran, and needy citizens face the risk of their federal payments being cut off during a default, multimillionaire Sean Hannity, with his comfortable perch at Fox News, has been urging House Republicans to threaten shutting down the government and defaulting on the national debt to extract concessions from Democrats. (Hannity is perhaps mistakenly conflating a shutdown with a debt ceiling breach even though funding for the government was passed in December and will last through this September.)
- On the January 10 edition of Hannity’s radio show, he noted the debt ceiling limit is approaching and said, “This is the opportunity for Republicans to say, ‘You know what? We're not gonna pay for this. And we're not gonna pay for that. And we're not gonna pay for this. And we're not gonna pay for that. And there’s not much that you’re going to be able to do to stop us.’” He also denied the consequences of Republicans shutting down the government.
- Later during the same radio program, Hannity interviewed Rep. Byron Donalds (R-FL) and urged Republicans to use “the power of the purse that Republicans in the House have” to take advantage of the debt ceiling crisis, while again dismissing the consequences of a government shutdown.
- On the January 10 edition of his Fox News show, Hannity interviewed McCarthy and brought up the debt ceiling. He again downplayed the consequences of Republicans shutting down the government: “Essential services will exist. Grandma, mom and dad, they're going to get their Social Security check. Medicare's not going to be shut down. The military's not going to be shut down. Now, there might be people that get furloughed, but odds are pretty high that when they get their free vacation, they will get back pay.” Hannity then asked McCarthy to justify shutting down the government and not raising the debt ceiling, which McCarthy deflected from, saying “it doesn’t have to come to that” because he and President Joe Biden are already in discussion.
- On January 11, Hannity agreed with a caller to his radio show that the government should be shut down, saying that “you’re gonna need some adults to draw a line in the sand” and House Republicans have “the power of the purse” to reduce federal spending. “They need to use it.”
- On the January 13 edition of his radio show, Hannity referenced the upcoming debt ceiling limit and said it’s Republicans' “opportunity to now say no to reckless spending.”
- And on Hannity’s January 13 Fox show, he talked about the “debt ceiling showdown” and instructed the GOP: “Let me be very clear to the House GOP. You better be ready to hold your ground.”
Hannity has preached his gospel of disastrous shutdowns and debt ceiling standoffs dozens of times since 2011, even amid their harmful economic consequences.
Following the 2011 debt ceiling standoff, the ratings firm Standard & Poor’s downgraded the U.S. from its top credit rating for the first time in history, which caused the largest stock market decline at the time since the 2008 financial crisis. (The 2011 standoff, which was led by Republicans claiming a desire to reduce government spending, actually increased the Treasury's long-term borrowing costs and thereby increased spending by $1.3 billion that fiscal year alone.) In 2013, the GOP government shutdown cost about $24 billion in lost economic output. And the five-week government shutdown that began in December 2018, the longest in U.S. history, cost the economy $11 billion.
The following list of several dozen examples includes just a taste of the times since 2011 that Hannity demonstrated the same pattern he has followed so far in 2023, including urging Republicans to force a government shutdown or hold the debt ceiling hostage in order to extract some kind of policy concession from Democrats. Hannity gives the GOP cover to do so by downplaying or lying about the consequences — he is especially fond of pretending that federal workers receiving no pay for weeks at a time is not a problem. He also has a tendency to accuse Democrats of responsibility for the shutdowns he repeatedly called for Republicans to use as leverage.