Wednesday’s warning by the Democratic chair of Congress Joint Economic Committee was made by the Democratic Chair. GOP’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.”
“Past debt-limit brinksmanship resulted in the first-ever downgrade of the U.S. credit rating and cost the country billions of dollars in lost economic activity, even though a default was ultimately avoided,” Rep. Don Beyer (D-Va.) said in a statement after several House Republicans outlined their intentions in interviewsWith Bloomberg GovernmentTuesday
“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 (R-Fla.) proposal. “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.
Several House Republicans vying for the chairmanship of the chamber’s budget committee told Bloomberg that they view a debt ceiling clash — which is expected early next year as the Treasury Department reaches its arbitrary borrowing 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 (R-Mo.Currently, he is the House Budget Committee’s ranking member.
With the pivotal November midterms less than a month away, House Democrats wasted little time pouncing on the GOP’s latest signal that it plans to pursue cuts to Social Security and Medicare if it retakes control of Congress in the midterm elections, despite the programs’ popularity.
“Republicans have let us in on their plans for Medicare and Social Security — raise the eligibility age and cut benefits. Seniors deserve better,” Rep. John Larson (D-Conn.), chair of the House Ways and Means Social Security Subcommittee, wroteTuesday, social media. “My plan, Social Security 2100: A Sacred Trust, will protect and expand benefits, not cut them!”
FYI: Republicans keep saying they want Social Security and Medicare to be cut because they keep saying that they want to reduce Medicare and Social Security.https://t.co/5Wz1Pa4iHt
— House Budget Committee (@HouseBudgetDems) October 11, 2022
Politico reported late last month that a number of Republican congressional candidates — including Arizona U.S. Senate nominee Blake Masters and New Hampshire U.S. Senate hopeful Don Bolduc — have voiced support for cutting or privatizing Social Security and Medicare on the campaign trail in recent weeks.
“The privatization is hugely important,” Bolduc said of Medicare and Medicaid during an August town hall. “Getting government out of it, getting government money with strings attached out of it.”
House Republicans’ official policy agenda leaves Medicare and Social Security cuts open and privatization possible. Common Dreams reported last month.
In key battleground states such as PennsylvaniaAnd Wisconsin, Democratic candidates have seized on their GOP opponents’ attacks on traditional Medicare and Social SecurityThey also promised to defend the programs from right wing attacks.
After Sen. Ron Johnson (R.Wis.), said in an August radio interview that Congress “ought to turn everything into discretionary spending” and characterized mandatory Social Security and Medicare outlays as a “debt burden,” Democratic challenger Mandela Barnes warned that the GOP senator “wants to strip working people of the Social Security and Medicare they’ve earned.”
John Fetterman, a Pennsylvania U.S. Senate candidate, has issued similar warnings against Dr. Mehmet Oz his Republican opponent. Oz has pledged to further privatize Medicare.
“We can never allow Social Security and Medicare to be weakened by the GOP,” Fetterman wroteIn a recent Tweet. “Dr. Oz would be another vote to take away these critical lifelines for our seniors.”