Hi, Republicans are openly planning to force deep cuts in Social Security after they take control of Congress next year — and Democrats are running out of time to stop them. Here’s the situation: The U.S. government will hit its so-called “debt ceiling” sometime next summer, at which point the government will run out of money to pay its debts unless Congress raises the debt limit. Failure to raise the debt ceiling would trigger a global financial crisis, and Kevin McCarthy thinks this is the leverage he needs to force President Biden to accept draconian Social Security cuts.1 But Democrats are still in control of Congress until January, and if they act now and eliminate the debt ceiling, they can defuse this entire crisis and protect Social Security before it’s too late. Demand Progress Action has been sounding the alarm over Republican plans to attack Social Security and Medicare for months, and now we must turn up the heat.
The debt ceiling is a pointless formality. Raising it periodically just affirms that the U.S. government will pay for policies it has already passed. That’s why Republicans quietly raised the limit three times during Donald Trump’s presidency.2 But with Democrats in control of the White House and the Senate, the debt limit is among the few weapons a House Republican majority could wield. They did it under Obama, and they’re poised to do it again next year.3 There’s simply no reason to put these vital programs at risk and give Republicans the power to threaten worldwide economic shutdown. That’s why Demand Progress Action has been pressuring Congress to act now, while Democrats still control both chambers, to eliminate the debt ceiling once and for all. With gratitude for all you do, Sources: PAID FOR BY DEMAND PROGRESS (DemandProgress.org) and not authorized by any candidate or candidate's committee. Contributions are not deductible as charitable contributions for federal income tax purposes. Join our online community on Facebook or Twitter. You can unsubscribe from this list at any time. |