Republicans Already Planning Next Debt Ceiling Showdown
October 13, 2022
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16:33Now PlayingRepublicans Already Planning Next Debt Ceiling Showdown
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as posted by the channelThe Republican party is plotting to provoke an economic crisis where they could force the Democrats to cut social security and medicaid. Ana Kasparian discusses on The Young Turks. Watch LIVE weekdays 68 pm ET.
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"The November elections will likely give Republicans control of the House of Representatives as a platform from which to oppose the Democratic-controlled White House. And one thing Republicans will do with this power, in all probability, will be to try to provoke a crisis in order to extort Democrats into accepting spending cuts to Medicare, Medicaid, and Social Security.
Bloomberg’s Jack Fitzpatrick interviewed several Republican contenders to lead the House Budget Committee. They all said, with varying levels of specificity, that they plan to instigate a debt-ceiling standoff to force Biden to accept cuts to retirement and health-care programs. “Our main focus has got to be on nondiscretionary — it’s got to be on entitlements,” said Representative Buddy Carter. Representative Jodey Arrington said he wants “eligibility reforms,” which means raising the eligibility age and imposing a means test for Social Security and Medicare benefits. “We should ensure that we keep the promises that were made to the people who really need it, the people who are relying on it,” said Representative Lloyd Smucker. “So some sort of means-testing potentially would help to ensure that we can do that.”
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