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Social Security under the Knife in Washington
Congressional democrats have been the Social Security guardians for many decades now. They said Thursday that they are not ready to give up that role so they can help president Obama get a better deal to prevent US defaulting on its debts.
The word that President Obama plans on making large savings by cutting deep in the funds allocated for Social Security, Medicaid and Medicare programs, spread quickly and rose a whole lot of Democrats from their chairs. They quickly rallied to reject the idea.
Representative and democrat on the House Budget Committee Chris Van Hollen stated clearly that all Democrats will oppose to any changes inflicted to the Social Security program, in order to reduce the deficit.
Whatever discussion that involves Social Security should be on a different level, stated Mr. Hollen. Another Democrat Representative, stated that each of the savings should be rolled back into the Social Security program in order to make it even stronger.
Representative Sander M Levin stated that this proposal would only bring “new burdens” on the heads of seniors.
Representative Xavier Becerra from California said that Social Security is crucial for the seniors that are retired and are based on the Social Security program to provide their basic necessities. How can they even consider that?
Senator Sheldon Whitehouse, representative and Democrat of Rhode Island stated that, the Medicare and Social Security programs are not among the ones to blame for this situation, therefore those should not be on the “execution table”. The president should not force the beneficiaries to burden a deficit reduction caused by other programs.
In particular Mr. Whitehouse stated that, under no circumstances should Congress make cuts in the benefits “through backdoor methods” like decreasing the cost of living adjustment.
On the other hand, Republicans support the idea since they have been concerned for a long time about the engorgement of the Social Security and Medicare program. For example Oklahoma’s Senator Tom Coburn supports the idea of cutting the funds directed for these programs.
Older American representatives nearly jumped out of their chairs, while launched blistering criticism at the proposal. According to the calculations offered by the Congressional Budget Office, this idea would save the federal government about 110 billion dollars over the next decade.
We will have to see what decision will be made until August 2nd because time is ticking. What do you think it will be ?
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