Completely misleading title. Raising the debt limit would help to avoid a recession and job cuts. If Congress does nothing, the economy would be fucked.
No, raising the debt ceiling would be done to avoid a default, not a recession. In order to avoid a default the government needs to start getting money from somewhere else, which means it will stop providing state funded services or lessening its investments within these. If the population needs to invest more money for basic needs, it means it will spend less on frugal commodities/services, which in turn means there’s less money circulating, which in turn creates a recession, which in turn creates job cuts/losses because is the only way to do it so that companies can keep their profit margins while selling/providing less products/services.
