Sometime in 2023, the United States is going to hit its debt limit ... again. And the New York Times says key House Republican leaders are ready to risk throwing the nation into default unless they get changes in Social Security and Medicare.
Sometime in 2023, the United States is going to hit its debt limit … again.at least five key House Republican leaders who are ready to risk throwing the nation into default unless they get changes in Social Security and Medicare.I’d like to think this is an empty threat – since, in the past, Congress has always swerved to avoid the oncoming car at the last second. But who knows anymore, right?
So I’m asking any of you who have influence with Republican members of Congress – any billionaire donors who may be listening – to urge them not to do this.to defaulting on its debt, interest rates go upThen the stock market tanks, and the cycle of political revenge spirals – and all for nothing, because Congress willWhy not? Because the idea of cutting benefits scares older Americans.
People over 65 have, by far, the highest voting rate of any demographic group! Here in Washington, it’s an amazing 82%. For comparison, the voting rate of the 18-24 age group – is a pathetic 37%. What most older people don’t know is that if nothing is done and the money runs short, Social Security benefits get cutI think a compromise is possible – but it can only happen if both parties share the political risk. So compromise! At least on this one issue.
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