'The Republican 'solution' to inflation is to hold the full faith and credit of the U.S. government hostage unless they are able to enact huge cuts to Social Security and Medicare.' SenSanders
have said this year that they should not be considered mandatory programs and should instead be brought up for a vote every five years or even annually.that he wouldn't"predetermine" the"structural changes" his party plans to make to Medicare and Social Security, but he did suggest the Republicans will exploit the raising of the debt limit, which is expected by the second half of 2023, to force changes.
The debt limit is the amount of money the federal government is permitted to borrow to meet its existing legal obligations, including Medicare, Social Security, tax refunds, and other payments. Failing to raise the debt ceiling and defaulting on those obligationsSen. Bernie Sanders accused the Republicans of planning to"hold the full faith and credit of the U.S. government hostage unless they are able to enact huge cuts" to the programs.
Social Security Works, which advocates for the strengthening and expansion of the Social Security program, urged voters to make their decisions with McCarthy's words in mind.saidThe Republican leader's comments represent just the latest time the party has publicized"their #1 priority if they gain control of Congress: Cut, privatize, and ultimately destroy the American people's earned Social Security and Medicare benefits," said Alex Lawson, executive director of the group.
"The future of Social Security and Medicare is on the ballot this November. Democrats are united in support of protecting and expanding benefits," he added."Republicans, led by Kevin McCarthy, are united in a plot to reach into our pockets and steal our money." The GOP has long repeated false claims that Social Security and Medicare are unaffordable for the U.S. As progressives including Sanders have said in recent months, based on thefrom the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds, the program is fully funded until 2035 and would be able to pay fro 90% of benefits for the next 25 years, even without Congress passing legislation that Democrats have proposed to expand it.
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