McConnell’s Last Stand: He Wants Medicare, Social Security Cuts to Raise Debt Limit

The Fiscal Times via Yahoo Mews ^ | October 13, 2015 | Rob Garver

[upbeat5]

In case anyone thought things couldn’t get more chaotic on Capitol Hill, Senate Majority Mitch McConnell appears ready to set them straight. McConnell, according to a report first published by CNN, plans to make several major demands of the White House, including changes to Medicare, Social Security, and EPA regulations as his price for raising the nation’s debt limit. Related Stories

The report from CNN’s Manu Raju complicates the already fraught debate over whether and how to increase the Treasury Department’s ability to borrow the money it needs to pay the nation’s debts. Failure to allow additional borrowing would, at some point in early November, force the United States into default. U.S. government debt is viewed as the safest in the world – the closest thing there is to a risk-free asset. Allowing the government to default on its obligations would send shock waves throughout not just the U.S., but the global economy.

[patriot08]

Now why doesn’t the opposition party use this information to go after obama? Could it be that they are complicit?

We are in way more trouble than I thought.
___________________________

Of course they’re complicit.
They don’t give a d*mn about us.
Our seniors who helped make America the great country it is
are starving to death on their pitiful Social Security checks..our vets can’t get the health care they need after risking their lives for us.
They don’t give a d*mn as long as they are lining their own pockets. SOBs.
This compilation I posted is not the HALF of it.

[patriot08]

Americans are so PC crippled and stupid, it’s pitiful.

Dumbed down Americans don’t even get it after the sucker punch of 9/11. Islam believers are one of the most protected groups in the country.

[semimojo]

There is an "authorized by law" component to the 14th amendment.

The argument will be that when congress authorized the spending and the revenue-generating tax legislation they also authorized the resulting debt.

Frankly, I tend to agree. I think this debt ceiling dance is mostly shameless posturing by our representatives who want to have it both ways.

They don't want to cast the hard votes on individual laws that would cut spending, yet they want to piss and moan about the resulting debts.

[Fledermaus]

Right. And if “our side” tells the same lie as the left then why are we supposed to vote for them?

FU Mitch.

[Fledermaus]

First, these small increases also can’t keep up with inflation. The real inflation, not the lies the government tell us.

Second, you are correct in that Medicare premiums go up sometimes cutting into the previous monthly check.

As usual they all nibble around the edges without getting to the meat of the issue: these ponzi schemes are out of money. Period.

[mountainfolk]

BTTT

[mountainfolk]

I wonder if all other govt programs and govt employees, and everybody who gets money from the taxpayers will also get cuts? How many govt welfare entitlement recipients pay anything at all into their benefits programs? The govt takes SS from workers and their employers as well and it cannot be stopped or both would be out of a job. So now the push is on to cut the income of those who paid for the govt imposed insurance program from which they are now entitled to receive payments. In addition SS payments to seniors already docks the amount of the yearly raise in medicare payments. Medicare takes a hundred plus dollars each month. And with OBAMA care, supplemental insurance plans also go up yearly.

But not to fear. Countless new immigrants are being rounded up from various countries and dumped in America to be housed, clothed, fed, educated, medicated, and cared for all their lives. Where does all of this money to bring them in and provide for them come from?

[NTHockey]

I don’t know, but I know I can use those 12-15 dollars a heck of a lot more than the liars, thieves and perverts in Versailles on the Potomac can.

Nonetheless, why should they get a raise; there’s no inflation.

[oh8eleven]

As usual they all nibble around the edges without getting to the meat of the issue: these ponzi schemes are out of money. Period.
They also conveniently forget to mention that all of these failing gov't schemes were foisted on America by Democrats ... Social Security, Medicare, Medicaid, ØbameCare, etc.

[mountainfolk]

BTTT