Hi, Republicans are already making open threats to slash Social Security — or else tank the global economy by refusing to raise the debt limit and forcing the federal government into default. John Thune, the second-highest-ranking Senate Republican, just announced that he won’t support raising the debt limit unless Social Security is cut by raising the retirement age.1 In the House, over two dozen Republicans are demanding cuts in Social Security or other programs in exchange for voting to lift the debt limit.2 Republicans are doubling down on their threats to hold the debt ceiling hostage to demand cuts to Social Security, so Democrats need to double down to defend it. That's why they must eliminate the debt ceiling ASAP, before they leave for the year.
The debt ceiling is a meaningless 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.3 But with Democrats controlling the White House and the Senate next year, the debt limit is among the few bargaining chips House Republicans hold. They can refuse to raise the ceiling unless their demands are met, just as they did under Obama.4 There’s no reason to believe this fight is going to go better for Democrats than it did in 2011. In fact, it’s almost guaranteed to go worse, and the millions of Americans who receive Social Security benefits will pay the price. There’s no reason to put Social Security at risk and threaten worldwide economic shutdown. That’s why Congress must 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. |