'Republicans plan to use the debt limit as the hostage to demand these cuts, even though Social Security doesn't add a single penny to the deficit,' said Nancy Altman of SSWorks.
"Republicans plan to use the debt limit as the hostage to demand these cuts, even though Social Security doesn't add a single penny to the deficit," noted one campaigner.Social Security and Medicare defenders warned Tuesday that the popular government programs will be"in grave danger" if Republicans win control of Congress in the upcoming midterms, pointing to new reporting on GOP plans to use a looming fight over the nation's debt ceiling to pursue benefit cuts.
"It's clear what their intentions are: reaching into the American people's pockets and stealing their hard-earned benefits." Citing interviews with four House Republicans hoping to serve as chair of the chamber's budget committee,that"Social Security and Medicare eligibility changes, spending caps, and safety-net work requirements are among the top priorities" for the GOP if it retakes the House in next month's elections.
Reps. Jason Smith , Jodey Arrington , Buddy Carter , and Lloyd Smucker signaled that"next year's deadline to raise or suspend the debt ceiling is a point of leverage" to extract concessions from Democrats, including potentially raising the retirement age and reducing Social Security benefits, the outlet noted.
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Republicans Plan Debt-Limit Crisis to Force Cuts to Medicare and Social SecurityIf they gain control of the House, Republicans will likely try to provoke a crisis in order to extort Democrats into accepting spending cuts to Medicare, Medicaid, and Social Security. jonathanchait writes
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