In an op-ed for The Hill, Nancy Altman, Chair of Social Security Works, speaks to the Democrats’ need to lift the debt ceiling during the lame duck session of Congress. If they don’t, the Republicans have made clear that they will refuse to raise the debt ceiling without cuts to Social Security and Medicare.
The public supports strengthening and expanding Social Security and Medicare. Still, Republican policymakers have said and continue to say that they want to cut these programs. Medicare and Social Security demonstrate that government can be a force of good. Privatizing them, however, would be good only for Wall Street.
It’s because the Republicans in Congress have claimed they want to cut Social Security that the so-called “red wave” turned into a “red mirage.” For example, in Arizona, Mark Kelly prevailed against Blake Masters, who argued for turning Social Security over to Wall Street during his campaign. Similarly, in New Hampshire, Maggie Hassan prevailed against Don Bolduc, whose campaign platform included cutting and privatizing both Social Security and Medicare.
In Wisconsin, Ron Johnson nearly lost re-election. He had argued for cutting Social Security and Medicare in coded language. He said that he wanted to turn Social Security and Medicare into “earned benefits,” which is code for eliminating their guaranteed benefits.
But, this all notwithstanding, the Republicans will hold a slim majority in the House in 2023. And, they plan to use that majority to prevent Congress from raising the debt ceiling, endangering the US and worldwide economy . . . unless Congress cuts Medicare and Social Security.
Altman notes that Republicans have said explicitly and repeatedly that they plan to hold the economy hostage. The Republican candidates for the House Budget Committee all told Bloomberg of their intention to insist on cuts to Social Security and Medicare in exchange for their support for raising the debt ceiling.
- Senate Republicans introduce bill to undo Democrats’ prescription drug cost-cutting legislation
- Drug industry funnels money to Republican candidates who deny legitimacy of Biden’s election
- In the hands of Republicans, Social Security is at serious risk
- Nearly 100 million Americans are now struggling to afford healthcare
- Congress must reduce out-of-pocket costs for people with Medicare
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