White House Warns GOP Not to Tie Debt Ceiling to Social Security Cuts

“In trade for not crashing america financial system, you get nothing,” one Democrat stated. “You don’t get a cookie.”

Democrats are warning Republicans that they won’t negotiate over elevating the debt ceiling to keep away from financial disaster after Republicans spent the final months warning that they could pursue cuts to key social packages by holding debt restrict laws hostage.

On Friday, White Home Press Secretary Karine Jean-Pierre stated that Congress must pass legislation raising the debt ceiling “with out circumstances.” It’s not that the White Home might be arduous on Republicans on the negotiating desk, she stated — relatively, there won’t be any negotiations to start with. “We won’t be doing any negotiation over the debt ceiling,” Jean-Pierre stated.

“This isn’t political gamesmanship,” she added. “This must be carried out with out circumstances. And that’s how we see this course of transferring ahead.”

Jean-Pierre’s feedback got here in response to Treasury Secretary Janet Yellen’s announcement that the U.S. will attain its spending restrict on Thursday, January 19, and that the company will have to begin taking “extraordinary measures” to delay a debt default, which might be economically ruinous. These measures will give Congress till June to achieve a deal, she stated, which is less time than economists had predicted Congress would have.

Realizing {that a} debt default could be catastrophic and will set off a recession, Republicans started laying out their plans to drive by way of their calls for earlier than they even gained management of a chamber of Congress.

Final fall, then-Home Minority Chief Kevin McCarthy (R-California) stated that debt restrict laws was a time for lawmakers to “remove some waste.” He was doubtless referring to the GOP’s plan to chop Social Safety and Medicare, two of the U.S.’s best anti-poverty packages, which Republicans have been attacking for months.

Reducing these packages, by the GOP’s personal admission, is in part a measure to be certain that staff should work additional into outdated age. Additional, social packages typically aren’t thought of “waste” by specialists, as many of these programs really find yourself saving the federal government cash on bills like well being care prices.

Democrats have condemned Republicans for threatening cuts to those packages, saying that it’s cynical for them to carry the financial system hostage to be able to demand that the federal government worsen circumstances for the general public. They’ve reiterated the White Home’s stance that they won’t negotiate over the debt ceiling.

“In trade for not crashing america financial system, you get nothing,” Sen. Brian Schatz (D-Hawaii) advised The Each day Beast. “You don’t get a cookie. You don’t get to be handled such as you’re the second coming of LBJ. You’re only a particular person doing the naked minimal of not deliberately screwing over your constituents.”

He stated that Democrats should reject the very concept of negotiating, which most Democrats agree with, based on The Each day Beast. “Now we have to inform them there isn’t a desk,” he continued. “The one factor that’s extra harmful than staring these guys down isn’t staring these guys down. As a result of if this turns into a tactic that works, it’ll by no means, ever finish.”

Senate Finance Committee Chair Ron Wyden (D-Oregon) blasted Republicans for wanting to chop key social insurance policies in a statement on Friday.

“As soon as once more Republicans are demanding cuts to Medicare, Medicaid and Social Safety, and in the event that they don’t get what they need, they’re prepared to tank the American financial system, destroy a robust job market and jack up rates of interest and inflation,” Wyden stated, declaring that Republicans had no downside when the federal deficit skyrocketed attributable to their 2017 tax cuts. “Both approach, they’re rooting for greater prices and a decrease lifestyle for thousands and thousands of American seniors and households.”