House GOP leaders threaten gov shut down if SS and Medicare don't get cut

[2lion70]

The leadership of the House Gop are really talking big because they think they will win big and even take control of the Senate. They just love talking about how they will 'force' the Dems and the rest of us into accepting cuts in SS and Medicare - probably
'paid for' with a tax cut for the wealthy and corps.
They seem to actually believe a gov shut down would not be a complete financial disaster.

GOP planning 'catastrophic default' if Democrats refuse to cut Social Security and Medicare

www.msn.com

GOP planning 'catastrophic default' if Democrats refuse to cut Social Security and Medicare​

Top House Republicans are planning to threaten to shut down the U.S. Government by refusing to raise the debt ceiling next year in a scheme to force Democrats to cut Social Security, Medicare, and Medicaid, should they win the House in November critics warn, pointing to a Bloomberg report.

“Social Security and Medicare eligibility changes, spending caps, and safety-net work requirements are among the top priorities for key House Republicans who want to use next year’s debt-limit deadline to extract concessions from Democrats,” Bloomberg Law reports. “The four Republicans interested in serving as House Budget Committee chairman in the next Congress said in interviews that next year’s deadline to raise or suspend the debt ceiling is a point of leverage if their party can win control of the House in the November midterm elections.”

U.S. Rep. Don Beyer (D-VA), chair of the Joint Economic Committee Democrats, an advisory committee created by law, blasted House Republicans, warning they “plan to hold the U.S. economy hostage with the threat of a catastrophic default to try to force cuts to Social Security and Medicare.”

 

[Hotshoe]

Y'all been saying this nonsense for 50 years.

 

[junior1]

The leadership of the House Gop are really talking big because they think they will win big and even take control of the Senate. They just love talking about how they will 'force' the Dems and the rest of us into accepting cuts in SS and Medicare - probably
'paid for' with a tax cut for the wealthy and corps.
They seem to actually believe a gov shut down would not be a complete financial disaster.

GOP planning 'catastrophic default' if Democrats refuse to cut Social Security and Medicare

www.msn.com

GOP planning 'catastrophic default' if Democrats refuse to cut Social Security and Medicare​

Top House Republicans are planning to threaten to shut down the U.S. Government by refusing to raise the debt ceiling next year in a scheme to force Democrats to cut Social Security, Medicare, and Medicaid, should they win the House in November critics warn, pointing to a Bloomberg report.

“Social Security and Medicare eligibility changes, spending caps, and safety-net work requirements are among the top priorities for key House Republicans who want to use next year’s debt-limit deadline to extract concessions from Democrats,” Bloomberg Law reports. “The four Republicans interested in serving as House Budget Committee chairman in the next Congress said in interviews that next year’s deadline to raise or suspend the debt ceiling is a point of leverage if their party can win control of the House in the November midterm elections.”

U.S. Rep. Don Beyer (D-VA), chair of the Joint Economic Committee Democrats, an advisory committee created by law, blasted House Republicans, warning they “plan to hold the U.S. economy hostage with the threat of a catastrophic default to try to force cuts to Social Security and Medicare.”

Oh boy, let's pull out the republicans are going to cut social security and medicare once again. Didn'r paul ryan already throw grandma over the ledge? Did she climb all the way up just to get thrown over again?

 

[Obliviax]

(looking at the calendar) I see it is weeks before the election and absentee voting has begun.

 

[Lion8286]

Remember this, 2Lyin??

I'm a liberal when it comes to social issues, but conservative in matters financial.

 

[2lion70]

Y'all been saying this nonsense for 50 years.

I didn't say it, I only posted what those GOPers said. If you don't like what they are saying - take it up with them.

 

[2lion70]

Oh boy, let's pull out the republicans are going to cut social security and medicare once again. Didn'r paul ryan already throw grandma over the ledge? Did she climb all the way up just to get thrown over again?

Read the article - it quotes those gopers and there are others in their party saying the same thing. They want to cut and/or eliminate SS and Medicare/Medicaid. The Repubs have never liked either one.

 

[2lion70]

The MAGAboobs are really into denial over this.

 

[bdgan]

The MAGAboobs are really into denial over this.

2lyin at it again. Even the liberal Washington comPost gave it 4 Pinocchios.

Loading…

www.washingtonpost.com

 

[KnightWhoSaysNit]

The MAGAboobs are really into denial over this.

I will play. Suppose they don't cut entitlements. Then what? How do you pay out more than you take in without causing inflation, which then spirals back to make the entitlements even less solvent since they go up with inflation?

You say you are financially conservative, but can't do 2+2.

What is your solution? These entitlements were designed when the number of recipients was small compared to the producers (people paying into the funds). Social security goes back to FDR when there were not as many retirees. Healthcare costs have soared with new and expensive technologies.

Now we have too many people in retirement, disabled, and poor without healthcare. Where does the money come from? (Hint: It doesn't fall from the sky.). Who decides what should be covered? Nancy Pelosi? Joe Biden?

 

[junior1]

Read the article - it quotes those gopers and there are others in their party saying the same thing. They want to cut and/or eliminate SS and Medicare/Medicaid. The Repubs have never liked either one.

don't need to read the article. First of all, I don't believe 99% of what is written or reported by the media - conservative, liberal or progressive - second, I don't give a big rats ass what 217 members of the house say about killing it as long as 218 are in favor of keeping it. And, since you seem to be one of the people who responds to the members of congress being "bought", there are millions of people currently on social security and medicare or who have planned their retirements around those benefits that serious movements to kill those programs would effectively end careers. "bought" does not mean financially, but politically.
By the way there was just an article the other day reporting about republicans who wanted to expand social security benefits. I don't believe that one either.

 

[Obliviax]

2lyin at it again. Even the liberal Washington comPost gave it 4 Pinocchios.

Loading…

www.washingtonpost.com

yeah...the bottom line is that these congresspeople are telling the admin that they need to stop spending money like drunken sailors in Kaliningrad. The media just wants to spin it that the GOP is attacking entitltements.

 

[Jerry]

The leadership of the House Gop are really talking big because they think they will win big and even take control of the Senate. They just love talking about how they will 'force' the Dems and the rest of us into accepting cuts in SS and Medicare - probably
'paid for' with a tax cut for the wealthy and corps.
They seem to actually believe a gov shut down would not be a complete financial disaster.

GOP planning 'catastrophic default' if Democrats refuse to cut Social Security and Medicare

www.msn.com

GOP planning 'catastrophic default' if Democrats refuse to cut Social Security and Medicare​

Top House Republicans are planning to threaten to shut down the U.S. Government by refusing to raise the debt ceiling next year in a scheme to force Democrats to cut Social Security, Medicare, and Medicaid, should they win the House in November critics warn, pointing to a Bloomberg report.

“Social Security and Medicare eligibility changes, spending caps, and safety-net work requirements are among the top priorities for key House Republicans who want to use next year’s debt-limit deadline to extract concessions from Democrats,” Bloomberg Law reports. “The four Republicans interested in serving as House Budget Committee chairman in the next Congress said in interviews that next year’s deadline to raise or suspend the debt ceiling is a point of leverage if their party can win control of the House in the November midterm elections.”

U.S. Rep. Don Beyer (D-VA), chair of the Joint Economic Committee Democrats, an advisory committee created by law, blasted House Republicans, warning they “plan to hold the U.S. economy hostage with the threat of a catastrophic default to try to force cuts to Social Security and Medicare.”

Stop hyperventilating, pal.

First, your source is a Dem-Media site and as we know, Dem-Mediacrats deal in lies. In fact, lies and smears are the native language of Dem-Media. You have to be a fool not to know that...or witting to their scam.

Second, even Republican officeholders, who are known for their stupidity, are not politically dumb enough to make lower- and middle-class recipients of Social Security and Medicare pay the price for years of government favors and bail-outs benefiting rich people, bankers, and privileged investors.

OK, on second thought, they might actually be that dumb. But even a cynic like myself would only believe such a thing if I saw it.

 

[Darth_VadEER]

Well, it's October in an election year...time to tell people GOP will cut social security.

 

[Hotshoe]

The MAGAboobs are really into denial over this.

You just said it. You believe it.

 

[psuted]

The leadership of the House Gop are really talking big because they think they will win big and even take control of the Senate. They just love talking about how they will 'force' the Dems and the rest of us into accepting cuts in SS and Medicare - probably
'paid for' with a tax cut for the wealthy and corps.
They seem to actually believe a gov shut down would not be a complete financial disaster.

GOP planning 'catastrophic default' if Democrats refuse to cut Social Security and Medicare

www.msn.com

GOP planning 'catastrophic default' if Democrats refuse to cut Social Security and Medicare​

Top House Republicans are planning to threaten to shut down the U.S. Government by refusing to raise the debt ceiling next year in a scheme to force Democrats to cut Social Security, Medicare, and Medicaid, should they win the House in November critics warn, pointing to a Bloomberg report.

“Social Security and Medicare eligibility changes, spending caps, and safety-net work requirements are among the top priorities for key House Republicans who want to use next year’s debt-limit deadline to extract concessions from Democrats,” Bloomberg Law reports. “The four Republicans interested in serving as House Budget Committee chairman in the next Congress said in interviews that next year’s deadline to raise or suspend the debt ceiling is a point of leverage if their party can win control of the House in the November midterm elections.”

U.S. Rep. Don Beyer (D-VA), chair of the Joint Economic Committee Democrats, an advisory committee created by law, blasted House Republicans, warning they “plan to hold the U.S. economy hostage with the threat of a catastrophic default to try to force cuts to Social Security and Medicare.”

It’s not going to happen, it’s just more dishonest Democrat hyperbole.

 

[2lion70]

I will play. Suppose they don't cut entitlements. Then what? How do you pay out more than you take in without causing inflation, which then spirals back to make the entitlements even less solvent since they go up with inflation?

You say you are financially conservative, but can't do 2+2.

What is your solution? These entitlements were designed when the number of recipients was small compared to the producers (people paying into the funds). Social security goes back to FDR when there were not as many retirees. Healthcare costs have soared with new and expensive technologies.

Now we have too many people in retirement, disabled, and poor without healthcare. Where does the money come from? (Hint: It doesn't fall from the sky.). Who decides what should be covered? Nancy Pelosi? Joe Biden?

Both SS and Medicare/Aid are funded with their own tax - stream of revenue. Increase the base taxable for SS and increase tax rate on the others. Veterans benefits are not supported/funded with their own tax but should not be subject to elimination/decrease every year.
The Federal Deficits have been decreased for a long time with the annual surplus from SS.

 

[2lion70]

It’s not going to happen, it’s just more dishonest Democrat hyperbole.

Look again - those are the words of Repub leaders not Dems. I think they mean what they are saying because they have wanted to eliminate SS and Medicare from their inception.
If the Repubs say it - you can't say it's Dem propaganda now can you?

 

[2lion70]

Well, it's October in an election year...time to tell people GOP will cut social security.

The Repubs are the ones saying it. Read their comments and then tell me who is saying it.

 

[junior1]

Both SS and Medicare/Aid are funded with their own tax - stream of revenue. Increase the base taxable for SS and increase tax rate on the others. Veterans benefits are not supported/funded with their own tax but should not be subject to elimination/decrease every year.
The Federal Deficits have been decreased for a long time with the annual surplus from SS.

I don't know the answer, but aren't tax revenues from SS now less than payouts?

 

[bdgan]

Look again - those are the words of Repub leaders not Dems. I think they mean what they are saying because they have wanted to eliminate SS and Medicare from their inception.
If the Repubs say it - you can't say it's Dem propaganda now can you?

Liberal Washington Post gives your story 4 Pinocchios. Face it 2lyin, you're a lemming.

 

[rutgersdave]

Entitlement, Spending Cap Plans Linked by GOP to Debt-Limit Deal | Bloomberg Government

Social Security and Medicare eligibility changes, spending caps, and safety-net work requirements are among the top priorities for key House Republicans who want to use next year’s debt-limit deadline to extract concessions from Democrats.

about.bgov.com

Social Security and Medicare eligibility changes, spending caps, and safety-net work requirements are among the top priorities for key House Republicans who want to use next year’s debt-limit deadline to extract concessions from Democrats.

The four Republicans interested in serving as House Budget Committee chairman in the next Congress said in interviews that next year’s deadline to raise or suspend the debt ceiling is a point of leverage if their party can win control of the House in the November midterm elections.

If Congress doesn’t raise or suspend the debt limit by the deadline, the federal government would default on payments officials had already agreed to make. Treasury Secretary Janet Yellen warned during 2021 negotiations that a default would be “a catastrophe” and could cause a financial crisis.

“The debt limit is clearly one of those tools that Republicans — that a Republican-controlled Congress — will use to make sure that we do everything we can to make this economy strong,” said Rep. Jason Smith (R-Mo.) , the ranking member of the House Budget Committee. He’s seeking the top GOP spot on the tax-writing Ways and Means Committee but said if he doesn’t get it, he’ll remain in his Budget Committee position.

Rep. Jason Smith (R-Mo.) wants to use debt limit talks to extract concessions from Democrats on entitlements and spending.
Reps. Jodey Arrington (R-Texas), Buddy Carter (R-Ga.), and Lloyd Smucker (R-Pa.) are seeking the top spot on the Budget Committee if Smith gets the Ways and Means role. Those three agreed Republicans must use the debt-limit deadline to enact fiscally conservative legislation. Rep. Kevin Hern (R-Okla.), head of the Republican Study Committee’s Budget and Spending Task Force, also said the upcoming debt-limit deadline is “obviously a leverage point.”

I guess they want to address the underfunding of Social Security and Medicare. Democrats wants to increase taxes to cover the shortage ( increase the SS limit on contribution) while Republicans wants to reduce benefits. I wouldn’t mind cuts in some benefits like death benefits for dependents or reduced benefits for spouses that don't work for it. It’s getting about time they need to address the issues. At some point there will be a compromise of increasing revenue and cutting some benefits.

 

[junior1]

The Repubs are the ones saying it. Read their comments and then tell me who is saying it.

like I said before, If there are 218 vote to maintain social security in the house and 50 in the senate, I wouldn't worry what some fringe members say.
It's similar to the few progressives who want to defund the police or cut defense spending by 25% translating to the entire democrat population.
It's one of the unique things about the party system. How many democrats ran on a platform to limit oil and gas production, open borders, or increase taxes for example. Yet when there's a vote, or the administration comes out with a policy, somehow the house will generate at least 218 votes and the senate 50.
Bernie has come almost annually with medicare for all, free education bills....not enough votes to pass them. So let him drop the bills. It's a meaningless exercise. But, if he were to become president, bet he'd get the votes to pass both. It's the process

 

[Sullivan]

Oh boy, let's pull out the republicans are going to cut social security and medicare once again. Didn'r paul ryan already throw grandma over the ledge? Did she climb all the way up just to get thrown over again?

2Liar would rather discuss this nonsense, rather than inflation and the economy.

 

[psuted]

Look again - those are the words of Repub leaders not Dems. I think they mean what they are saying because they have wanted to eliminate SS and Medicare from their inception.
If the Repubs say it - you can't say it's Dem propaganda now can you?

It’s dishonest Democrat fear mongering. Nothing more and nothing less. They have nothing else but lies, dishonesty, and fear. Same old playbook, just different day.

 

[2lion70]

I don't know the answer, but aren't tax revenues from SS now less than payouts?

I think that's the case. But there are a lot of $$$ left over from decades of surpluses. A little tweak here and a tuck there and viola the solvency issues go away.

 

[2lion70]

It’s dishonest Democrat fear mongering. Nothing more and nothing less. They have nothing else but lies, dishonesty, and fear. Same old playbook, just different day.

You have very poor reading skills if you missed the main thrust of the article which states very plainly the comments expressed are those of Repub leaders in the House.
You failed today's reading test!!!!

 

[JR4PSU]

The leadership of the House Gop are really talking big because they think they will win big and even take control of the Senate. They just love talking about how they will 'force' the Dems and the rest of us into accepting cuts in SS and Medicare - probably
'paid for' with a tax cut for the wealthy and corps.
They seem to actually believe a gov shut down would not be a complete financial disaster.

GOP planning 'catastrophic default' if Democrats refuse to cut Social Security and Medicare

www.msn.com

GOP planning 'catastrophic default' if Democrats refuse to cut Social Security and Medicare​

Top House Republicans are planning to threaten to shut down the U.S. Government by refusing to raise the debt ceiling next year in a scheme to force Democrats to cut Social Security, Medicare, and Medicaid, should they win the House in November critics warn, pointing to a Bloomberg report.

[COLOR=%s]“Social Security and Medicare eligibility changes, spending caps, and safety-net work requirements are among the top priorities for key House Republicans who want to use next year’s debt-limit deadline to extract concessions from Democrats,” Bloomberg Law reports[/COLOR]. “The four Republicans interested in serving as House Budget Committee chairman in the next Congress said in interviews that next year’s deadline to raise or suspend the debt ceiling is a point of leverage if their party can win control of the House in the November midterm elections.”

U.S. Rep. Don Beyer (D-VA), chair of the Joint Economic Committee Democrats, an advisory committee created by law, blasted House Republicans, warning they “plan to hold the U.S. economy hostage with the threat of a catastrophic default to try to force cuts to Social Security and Medicare.”

Do me a favor and post EXACTLY what the GOP plan to do to cut SS and Medicare. What are the specifics? If you can honestly list the exact actions they plan to take, and your grievance with each, I'll believe you. But making some blanket "THEIR GOING TO THROW GRANNY OFF A CLIFF" sort of statement holds no water for me.

 

[2lion70]

2Liar would rather discuss this nonsense, rather than inflation and the economy.

There are huge spending issues involved that would have dramatic consequence for the economy and inflation. A government shut down would be hugely destructive to our and worldwide economics. Stopping SS and Medicare would have a dramatic impact on poverty, especially for all senios.

 

[2lion70]

Do me a favor and post EXACTLY what the GOP plan to do to cut SS and Medicare. What are the specifics? If you can honestly list the exact actions they plan to take, and your grievance with each, I'll believe you. But making some blanket "THEIR GOING TO THROW GRANNY OFF A CLIFF" sort of statement holds no water for me.

Here is one article to consider:

GOP plan to cut Social Security, Medicare in 2023 comes into view

Republicans not only intend to push Social Security and Medicare cuts, they also have a plan to force the Biden White House to accept them.

www.msnbc.com

GOP plan to cut Social Security, Medicare in 2023 comes into view​

Republicans not only intend to push Social Security and Medicare cuts, they also have a plan to force the Biden White House to accept them.


Oct. 12, 2022, 10:43 AM EDT
By Steve Benen
Democrats have spent much of the year warning voters that Republicans will seek cuts to Social Security and Medicare if put in power, and an amazing number of GOP officials and candidates have bolstered the claims. What’s new this week, however, is Republicans signaling how they intend to pursue their goal.
It was two weeks ago when President Joe Biden warned the public that Social Security and Medicare would end up on “the chopping block” if Republicans have their way, and the rhetoric hardly seemed outlandish. In recent months, there’s been no shortage of prominent GOP voices — from Wisconsin Sen. Ron Johnson to New Hampshire’s Don Bolduc to Rep. Buddy Carter of Georgia — who’ve bolstered Biden’s claims.

But for many voters, the warnings may not seem overly alarming. After all, there’s a Democratic White House. Even if Republicans enjoyed congressional majorities, and they were somehow able to pass a bill to cut Medicare and Social Security, the president would veto it and the public would be protected. So there’s no real cause for concern, right?
Wrong. Bloomberg Government published a striking report yesterday sketching out GOP officials’ plans to work around a veto threat and force Biden to accept cuts to the popular social insurance programs.

Social Security and Medicare eligibility changes, spending caps, and safety-net work requirements are among the top priorities for key House Republicans who want to use next year’s debt-limit deadline to extract concessions from Democrats. The four Republicans interested in serving as House Budget Committee chairman in the next Congress said in interviews that next year’s deadline to raise or suspend the debt ceiling is a point of leverage if their party can win control of the House in the November midterm elections.

In theory, GOP lawmakers could pursue their goals through the American legislative process. They could propose cuts to Social Security and Medicare, move the bill through committee, hold a floor debate, try to make the case for their plan’s merits, hope to persuade stakeholders and the public, and make an effort to pass their bill.
In practice, Republicans assume — correctly — that the American legislative process wouldn’t help them achieve their goals, because their priorities are regressive and deeply unpopular. So they’re settling on a new plan: circumvent their country’s existing system and get what they want by creating a hostage crisis.
For those who remember what happened after the 2010 midterm elections, the rough sketch of the GOP strategy will seem familiar: Republicans will tell the White House that they’ll refuse to address the debt ceiling unless Biden agrees to cut Social Security and Medicare. If the Democratic president balks, Republicans will allow the United States to default on its obligations and crash the economy on purpose.
This is, of course, precisely what a GOP-led House threatened in 2011 — when an official from the Obama White House said dealing with far-right Republicans was like “negotiating with people with a bomb strapped to their chest.”

Let’s not forget that as recently as four years ago, Republicans controlled the White House, the Senate and the House, and they could’ve pursued cuts to social insurance programs like Medicare and Social Security if they wanted to. But they didn’t.
Instead, they waited for a Democratic president, whom they hope to extort into giving them the cuts they want.
With 27 days remaining before Election Day, the takeaway for voters seems painfully obvious: Republicans not only intend to demand Social Security and Medicare cuts, they also have a radical plan to achieve their goals that puts both our economy and the full faith and credit of the United States in jeopardy.
Many Americans intend to support GOP candidates this year because of concerns about the economy. What those voters don’t seem to realize is that a Republican majority would likely pursue a hostage strategy that could make the economy spectacularly worse.

Steve Benen

 

[Sullivan]

There are huge spending issues involved that would have dramatic consequence for the economy and inflation. A government shut down would be hugely destructive to our and worldwide economics. Stopping SS and Medicare would have a dramatic impact on poverty, especially for all senios.

OMG -- we are all going to die!!!

Focus on the real issues

 

[Sullivan]

Here is one article to consider:

GOP plan to cut Social Security, Medicare in 2023 comes into view

Republicans not only intend to push Social Security and Medicare cuts, they also have a plan to force the Biden White House to accept them.

www.msnbc.com

GOP plan to cut Social Security, Medicare in 2023 comes into view​

Republicans not only intend to push Social Security and Medicare cuts, they also have a plan to force the Biden White House to accept them.


Oct. 12, 2022, 10:43 AM EDT
By Steve Benen
Democrats have spent much of the year warning voters that Republicans will seek cuts to Social Security and Medicare if put in power, and an amazing number of GOP officials and candidates have bolstered the claims. What’s new this week, however, is Republicans signaling how they intend to pursue their goal.
It was two weeks ago when President Joe Biden warned the public that Social Security and Medicare would end up on “the chopping block” if Republicans have their way, and the rhetoric hardly seemed outlandish. In recent months, there’s been no shortage of prominent GOP voices — from Wisconsin Sen. Ron Johnson to New Hampshire’s Don Bolduc to Rep. Buddy Carter of Georgia — who’ve bolstered Biden’s claims.

But for many voters, the warnings may not seem overly alarming. After all, there’s a Democratic White House. Even if Republicans enjoyed congressional majorities, and they were somehow able to pass a bill to cut Medicare and Social Security, the president would veto it and the public would be protected. So there’s no real cause for concern, right?
[COLOR=%s]Wrong. Bloomberg Government published a striking report yesterday sketching out GOP officials’ plans to work around a veto threat and force Biden to accept cuts to the popular social insurance programs.[/COLOR]

In theory, GOP lawmakers could pursue their goals through the American legislative process. They could propose cuts to Social Security and Medicare, move the bill through committee, hold a floor debate, try to make the case for their plan’s merits, hope to persuade stakeholders and the public, and make an effort to pass their bill.
In practice, Republicans assume — correctly — that the American legislative process wouldn’t help them achieve their goals, because their priorities are regressive and deeply unpopular. So they’re settling on a new plan: circumvent their country’s existing system and get what they want by creating a hostage crisis.
For those who remember what happened after the 2010 midterm elections, the rough sketch of the GOP strategy will seem familiar: Republicans will tell the White House that they’ll refuse to address the debt ceiling unless Biden agrees to cut Social Security and Medicare. If the Democratic president balks, Republicans will allow the United States to default on its obligations and crash the economy on purpose.
This is, of course, precisely what a GOP-led House threatened in 2011 — when an official from the Obama White House said dealing with far-right Republicans was like “negotiating with people with a bomb strapped to their chest.”

Let’s not forget that as recently as four years ago, Republicans controlled the White House, the Senate and the House, and they could’ve pursued cuts to social insurance programs like Medicare and Social Security if they wanted to. But they didn’t.
Instead, they waited for a Democratic president, whom they hope to extort into giving them the cuts they want.
With 27 days remaining before Election Day, the takeaway for voters seems painfully obvious: Republicans not only intend to demand Social Security and Medicare cuts, they also have a radical plan to achieve their goals that puts both our economy and the full faith and credit of the United States in jeopardy.
Many Americans intend to support GOP candidates this year because of concerns about the economy. What those voters don’t seem to realize is that a Republican majority would likely pursue a hostage strategy that could make the economy spectacularly worse.

Steve Benen

Are you this much of a drama queen when your grandchildren come to visit you?

 

[KnightWhoSaysNit]

I think that's the case. But there are a lot of $$$ left over from decades of surpluses. A little tweak here and a tuck there and viola the solvency issues go away.

Much of those surpluses were spent. The Congress raided the trust fund.

What they effectively did was to turn SS into any other spending program.

You can't assume that a "tweak" is going to solve the problem. As a result of the extremely reckless spending since 2008 and, in particular, the last two years, we are not going to have the same level of economic growth. Look at what just happened. We now have stagflation, and there is no way out of that short of cuts in federal spending. Period.

Consider what happened after the stagflation of the 1970s. Social security benefits suddenly needed to be taxed, and they corrupted the calculation of the CPI to reduce benefits. We are in much worse shape this time around.

Democrats are clueless. They want to fund programs that are inflation-adjusted using higher inflation.

 

[psuted]

You have very poor reading skills if you missed the main thrust of the article which states very plainly the comments expressed are those of Repub leaders in the House.
You failed today's reading test!!!!

The only thing I failed to do was buying into your dishonest Democrat Bull Sh*t 2Lying.

 

[JR4PSU]

Here is one article to consider:

GOP plan to cut Social Security, Medicare in 2023 comes into view

Republicans not only intend to push Social Security and Medicare cuts, they also have a plan to force the Biden White House to accept them.

www.msnbc.com

GOP plan to cut Social Security, Medicare in 2023 comes into view​

Republicans not only intend to push Social Security and Medicare cuts, they also have a plan to force the Biden White House to accept them.


Oct. 12, 2022, 10:43 AM EDT
By Steve Benen
Democrats have spent much of the year warning voters that Republicans will seek cuts to Social Security and Medicare if put in power, and an amazing number of GOP officials and candidates have bolstered the claims. What’s new this week, however, is Republicans signaling how they intend to pursue their goal.
It was two weeks ago when President Joe Biden warned the public that Social Security and Medicare would end up on “the chopping block” if Republicans have their way, and the rhetoric hardly seemed outlandish. In recent months, there’s been no shortage of prominent GOP voices — from Wisconsin Sen. Ron Johnson to New Hampshire’s Don Bolduc to Rep. Buddy Carter of Georgia — who’ve bolstered Biden’s claims.

But for many voters, the warnings may not seem overly alarming. After all, there’s a Democratic White House. Even if Republicans enjoyed congressional majorities, and they were somehow able to pass a bill to cut Medicare and Social Security, the president would veto it and the public would be protected. So there’s no real cause for concern, right?
[COLOR=%s]Wrong. Bloomberg Government published a striking report yesterday sketching out GOP officials’ plans to work around a veto threat and force Biden to accept cuts to the popular social insurance programs.[/COLOR]

In theory, GOP lawmakers could pursue their goals through the American legislative process. They could propose cuts to Social Security and Medicare, move the bill through committee, hold a floor debate, try to make the case for their plan’s merits, hope to persuade stakeholders and the public, and make an effort to pass their bill.
In practice, Republicans assume — correctly — that the American legislative process wouldn’t help them achieve their goals, because their priorities are regressive and deeply unpopular. So they’re settling on a new plan: circumvent their country’s existing system and get what they want by creating a hostage crisis.
For those who remember what happened after the 2010 midterm elections, the rough sketch of the GOP strategy will seem familiar: Republicans will tell the White House that they’ll refuse to address the debt ceiling unless Biden agrees to cut Social Security and Medicare. If the Democratic president balks, Republicans will allow the United States to default on its obligations and crash the economy on purpose.
This is, of course, precisely what a GOP-led House threatened in 2011 — when an official from the Obama White House said dealing with far-right Republicans was like “negotiating with people with a bomb strapped to their chest.”

Let’s not forget that as recently as four years ago, Republicans controlled the White House, the Senate and the House, and they could’ve pursued cuts to social insurance programs like Medicare and Social Security if they wanted to. But they didn’t.
Instead, they waited for a Democratic president, whom they hope to extort into giving them the cuts they want.
With 27 days remaining before Election Day, the takeaway for voters seems painfully obvious: Republicans not only intend to demand Social Security and Medicare cuts, they also have a radical plan to achieve their goals that puts both our economy and the full faith and credit of the United States in jeopardy.
Many Americans intend to support GOP candidates this year because of concerns about the economy. What those voters don’t seem to realize is that a Republican majority would likely pursue a hostage strategy that could make the economy spectacularly worse.

Steve Benen

You still haven't given any specifics. Show me what, exactly, they would propose. And then tell me why you would oppose that specific action. All you've provided are generalities, again. "GOP to cut SS and Medicare". Tell me what any GOP Senator has proposed, specifically. Without specifics, there is no way to know if I would approve or oppose. Nor can you tell me you approve or oppose it without specifics. I can say I don't like onions. Ok. But I like spaghetti sauce that is made with onions.

Give me specifics.

 

[Sullivan]

You still haven't given any specifics. Show me what, exactly, they would propose. And then tell me why you would oppose that specific action. All you've provided are generalities, again. "GOP to cut SS and Medicare". Tell me what any GOP Senator has proposed, specifically. Without specifics, there is no way to know if I would approve or oppose. Nor can you tell me you approve or oppose it without specifics. I can say I don't like onions. Ok. But I like spaghetti sauce that is made with onions.

Give me specifics.

2Liar has zero credibility here.

 

[junior1]

I think that's the case. But there are a lot of $$$ left over from decades of surpluses. A little tweak here and a tuck there and viola the solvency issues go away.

I agree that a nick and a tuck (maybe wrong choice of words) solves the problem. Both parties have been saying the fund faces insolvency in the mid 2030s. The projected 8.7% increase in 2023 won't help.
I'll predict that sometime in the near future both parties will agree to either increasing the tax or creating another "donut hole" continue up to the current $140(147)000, don't remember which, and then pickup the tax again on earnings over $400,000.
They'll do something with medicare too. I don't know what becasue both current over 65s and those approaching 65 are counting on medicare for their retirement. And, if you're over 50 or 55 its probably too late to start some kind of insurance plan to cover you
They should do something with medicare disability too - tighten it up. But they - neither party - has the balls to do anything difficult.
As someone else already posted, it will not be popular raising taxes in this environment. It's a shame but the prolific spending (over the past 20 years) and current debt has placed the country in a difficult position. Again, imo, we should do something about the debt, but, again, we don't have the fortitude to do anything difficult and financially doing too much might just throw the country even further down the rabbit hole.

 

[2lion70]

The only thing I failed to do was buying into your dishonest Democrat Bull Sh*t 2Lying.

Can you prove the comments made were not true? Do you have any proof that the GOP House Leaders are looking to cut SS and other programs if they attain the majority. Just show way Bloomberg News and others are reporting this on their business/law sites - it's the type of information investors need to know.

 

[2lion70]

2Liar has zero credibility here.

I'm not concerned with your uninformed biased opinion. I just feel sorry for dupes like you.

 

[KnightWhoSaysNit]

I'm not concerned with your uninformed biased opinion. I just feel sorry for dupes like you.

No. You are the biased opinion. Why not mix in some Fox News articles for balance?

I watch Bloomberg at night to get the European Open. Europe is ahead of us in screwing their energy and embracing socialism. It seems we want to emulate their stupidity.

Bloomberg is leftwing. I see it in the types of advertising they choose. It's subtle, but that is how the Left has duped the Center into becoming libs.

This is done by taking reputable news outlets, like CNN or NBC, and then slanting the coverage gradually over time. These outlets are now to the point of excluding coverage of any of the criminal behavior by prominent democrats, no matter how blatant. They legitimize all sorts of bad stuff. People then believe it. I am struck, for example, that some people here would blame inflation on immigration policies. That is over-the-top nuts.

You have been created by manipulation @2lion70, and you don't even realize it.