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Sen. Ron Wyden (D-Ore.) speaks during a February 8, 2022 hearing on Capitol Hill in Washington, D.C.
"Everything I've heard about it, it's a prescription for trouble," the Senate Finance Committee chair said of the House speaker's debt reduction panel.
U.S. Sen. Ron Wyden on Friday warned that House Speaker Kevin McCarthy's commission tasked with reducing the nation's growing debt is a "prescription for trouble" that will likely result in the slashing of vital programs on which tens of millions of Americans rely—including Social Security.
McCarthy (R-Calif.) recently announced the launch of a fiscal commission that will find ways to reduce the national debt—on the heels of striking a deal with President Joe Biden to suspend the nation's borrowing limit until 2025.
While some other leading Republicans have embraced the idea of a commission, many Democrats are wary.
Wyden (D-Ore.), who chairs the Senate Finance Committee, told The Associated Press that he views the plan as a way for Republicans to rack up "ideological trophies."
"Everything I've heard about it, it's a prescription for trouble," Wyden said, adding that Republicans are "looking at a glide path to reduce benefits."
Biden was loudly booed by GOP lawmakers during his State of the Union address in February when he accused some Republicans of wanting to "sunset" Social Security, prompting McCarthy to shake his head no. A week earlier, McCarthy had asserted that cuts to Social Security and Medicare—each of which serve more than 65 million Americans—were off the table.
However, last month McCarthy alleged that Biden "walled off" cuts to Social Security and Medicare during the debt ceiling talks and said the commission would "look at" reducing funding for both programs.
"I'm going to make some people uncomfortable," the speaker said.
In response to McCarthy's commission launch, Andrew Bates, the White House deputy press secretary and senior communications adviser, issued a memo warning that Republicans are going after Social Security, despite previous pledges.
"These new statements from the speaker demonstrate that the House GOP are reversing the promise they made to President Biden and the country in the State of the Union, and that to shield billionaires and multinational corporations from paying a cent more in taxes, they very much intend to slash Americans' Medicare and Social Security benefits," Bates wrote.
"The American people—including majorities of conservatives—reject that approach, and support President Biden's work to stand up for the benefits they pay their entire lives to earn," he added.
Advocacy groups also panned the idea of a GOP-led fiscal commission.
"Kevin McCarthy's commission is a scheme to cut Social Security and Medicare behind closed doors," Social Security Works tweeted Friday. "Hands off our earned benefits!"
This country and this world are at a monumental crossroads. US voters have an opportunity to beat back the forces of fascism and confront the billionaires who are rigging the economy, our media system, and our democracy, making it increasingly impossible for ordinary people to get by. We’re not just talking about the election. We’re talking about what must be done once these fascist elements are vanquished from power. We need a bolder set of solutions than what either major party has so far been willing to offer and a working-class movement ready to fight like hell for it. Trump didn't emerge from nowhere. The conditions that fueled MAGA authoritarianism were created by decades of radical neoliberal economic policies and a corrupt political system dominated by corporate interests. They slashed taxes on the super-rich, promising that the benefits would trickle down. They said giveaways to the corporate titans would make life more affordable for the rest of us. It was all bullshit. And when a bitter, betrayed populace searches for someone to blame, right-wing demagogues have little trouble finding scapegoats. People know when they're being lied to, but you won't hear any of this from the corporate media. Only independent journalism—powered and funded by people who believe in building a better world—can deliver truly trustworthy daily news. If you share our vision, please contribute whatever you can to sustain our work. |
U.S. Sen. Ron Wyden on Friday warned that House Speaker Kevin McCarthy's commission tasked with reducing the nation's growing debt is a "prescription for trouble" that will likely result in the slashing of vital programs on which tens of millions of Americans rely—including Social Security.
McCarthy (R-Calif.) recently announced the launch of a fiscal commission that will find ways to reduce the national debt—on the heels of striking a deal with President Joe Biden to suspend the nation's borrowing limit until 2025.
While some other leading Republicans have embraced the idea of a commission, many Democrats are wary.
Wyden (D-Ore.), who chairs the Senate Finance Committee, told The Associated Press that he views the plan as a way for Republicans to rack up "ideological trophies."
"Everything I've heard about it, it's a prescription for trouble," Wyden said, adding that Republicans are "looking at a glide path to reduce benefits."
Biden was loudly booed by GOP lawmakers during his State of the Union address in February when he accused some Republicans of wanting to "sunset" Social Security, prompting McCarthy to shake his head no. A week earlier, McCarthy had asserted that cuts to Social Security and Medicare—each of which serve more than 65 million Americans—were off the table.
However, last month McCarthy alleged that Biden "walled off" cuts to Social Security and Medicare during the debt ceiling talks and said the commission would "look at" reducing funding for both programs.
"I'm going to make some people uncomfortable," the speaker said.
In response to McCarthy's commission launch, Andrew Bates, the White House deputy press secretary and senior communications adviser, issued a memo warning that Republicans are going after Social Security, despite previous pledges.
"These new statements from the speaker demonstrate that the House GOP are reversing the promise they made to President Biden and the country in the State of the Union, and that to shield billionaires and multinational corporations from paying a cent more in taxes, they very much intend to slash Americans' Medicare and Social Security benefits," Bates wrote.
"The American people—including majorities of conservatives—reject that approach, and support President Biden's work to stand up for the benefits they pay their entire lives to earn," he added.
Advocacy groups also panned the idea of a GOP-led fiscal commission.
"Kevin McCarthy's commission is a scheme to cut Social Security and Medicare behind closed doors," Social Security Works tweeted Friday. "Hands off our earned benefits!"
U.S. Sen. Ron Wyden on Friday warned that House Speaker Kevin McCarthy's commission tasked with reducing the nation's growing debt is a "prescription for trouble" that will likely result in the slashing of vital programs on which tens of millions of Americans rely—including Social Security.
McCarthy (R-Calif.) recently announced the launch of a fiscal commission that will find ways to reduce the national debt—on the heels of striking a deal with President Joe Biden to suspend the nation's borrowing limit until 2025.
While some other leading Republicans have embraced the idea of a commission, many Democrats are wary.
Wyden (D-Ore.), who chairs the Senate Finance Committee, told The Associated Press that he views the plan as a way for Republicans to rack up "ideological trophies."
"Everything I've heard about it, it's a prescription for trouble," Wyden said, adding that Republicans are "looking at a glide path to reduce benefits."
Biden was loudly booed by GOP lawmakers during his State of the Union address in February when he accused some Republicans of wanting to "sunset" Social Security, prompting McCarthy to shake his head no. A week earlier, McCarthy had asserted that cuts to Social Security and Medicare—each of which serve more than 65 million Americans—were off the table.
However, last month McCarthy alleged that Biden "walled off" cuts to Social Security and Medicare during the debt ceiling talks and said the commission would "look at" reducing funding for both programs.
"I'm going to make some people uncomfortable," the speaker said.
In response to McCarthy's commission launch, Andrew Bates, the White House deputy press secretary and senior communications adviser, issued a memo warning that Republicans are going after Social Security, despite previous pledges.
"These new statements from the speaker demonstrate that the House GOP are reversing the promise they made to President Biden and the country in the State of the Union, and that to shield billionaires and multinational corporations from paying a cent more in taxes, they very much intend to slash Americans' Medicare and Social Security benefits," Bates wrote.
"The American people—including majorities of conservatives—reject that approach, and support President Biden's work to stand up for the benefits they pay their entire lives to earn," he added.
Advocacy groups also panned the idea of a GOP-led fiscal commission.
"Kevin McCarthy's commission is a scheme to cut Social Security and Medicare behind closed doors," Social Security Works tweeted Friday. "Hands off our earned benefits!"