Republicans’s plan to use a looming debt ceiling fight as leverage to secure cuts to Social Security and Medicare would be “economically catastrophic for seniors, families, and our entire economy.”
“This announcement comes after a previous proposal from the leader of the Senate Republicans’ campaign committee to sunset Social Security, Medicare, and veterans’ benefits in five years,” Beyer continued, referring to Sen. Rick Scott’s . “Republicans are once again getting in line to raise costs for low- and middle-income workers and families while offering giveaways to the wealthiest and corporate interests.
“Not only are these economically disastrous — resulting in fewer jobs, slower economic growth, and higher household costs — they are morally reprehensible,” the Virginia Democrat added.Bloomberg that they view a debt ceiling clash — which is expected early next year as the Treasury Department reaches itsborrowing limit — as an opportunity to pursue long-sought changes to Social Security and Medicare, including benefit cuts and an increase in the retirement age.
“The debt limit is clearly one of those tools that Republicans — that a Republican-controlled Congress — will use,” said Rep. Jason Smith , who is currently the ranking member of the House Budget Committee. With the pivotal November midterms less than a month away, House Democrats wasted little time pouncing on the GOP’s
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