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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGOP to use debt limit to force spending cuts, McCarthy says
It the GOP takes control of the House, we are in for a number of government shutdowns in order to force cuts in Social Security and Medicare
Link to tweet
https://www.washingtonpost.com/politics/2022/10/18/mccarthy-gop-medicare-social-security/
You cant just continue down the path to keep spending and adding to the debt, the California Republican told Punchbowl News in a recent interview. And if people want to make a debt ceiling [for a longer period of time], just like anything else, there comes a point in time where, okay, well provide you more money, but you got to change your current behavior.
Were not just going to keep lifting your credit card limit, right, he added. And we should seriously sit together and [figure out] where can we eliminate some waste? Where can we make the economy grow stronger?....
Congress raised the debt ceiling three times when Donald Trump was president, avoiding the market-rattling, economic showdowns that congressional Republicans had forced when Democratic President Barack Obama was in office. During the Trump presidency, and for a time when Republicans controlled at least one chamber of Congress, the debt soared to $7 trillion.
McCarthy is not the first Republican to say he is open to changes in the entitlement programs. Sen. Ron Johnson (R-Wis.) has suggested that Social Security and Medicare be eliminated as federal entitlement programs, and that they should instead become programs approved by Congress on an annual basis as discretionary spending.
Yo_Mama_Been_Loggin
(108,005 posts)SheltieLover
(57,073 posts)LetMyPeopleVote
(145,288 posts)tritsofme
(17,379 posts)It can be done through reconciliation, and would eliminate a ton of risk.
Elessar Zappa
(13,998 posts)I hope the Dems do it. To hell with McCarthys threats.
SalamanderSleeps
(584 posts)JustAnotherGen
(31,828 posts)I'm willing to have Fed Gov shut down and America lose its credit rating -
Until they take them off the table. If it takes 2 years - so be it.
We got through it in late 2018. We can get through it for 2 years.
Social Security and Medicare are not waste. I'm 49. I had my first Kodak modeling gig when I was 8. I'm targeted to receive the max if I retire at 67.
Nope - no delays in full benefits, no reductions, no nothing. They made a promise to me when I was 8 and I expect them to keep it.
librechik
(30,674 posts)have any other plan but to hold everybody hostage while they strip us and rob us of everything we've ever created together? And pass it on to the rich to waste?
No, they can't. I don't understand why so may people have gone all in with these thieves. It says a lot about who they are. I mean besides moronic troglodytes.
world wide wally
(21,744 posts)Liberal In Texas
(13,553 posts)And people need to be told that just because they're already on Social Security or Medicare and they wouldn't take their benefits away, that this ain't necessarily so. And probably would at least have their benefits reduced. And it SS beneficiaries want a descent COLA again, we have to keep the repubs hands off this.