New House GOP Budget Includes Fiscal Commission to Mull Social Security Cuts
Section 414 of the budget states that the United States “faces a significant debt crisis, with the national debt currently exceeding $34 trillion,” and that “this debt poses a significant risk to the country’s long-term fiscal sustainability, with implications for future generations.”
The drivers of U.S. debt include “entitlement spending such as Social Security and Medicare,” the budget states.
Nancy Altman, president of Social Security Works, said the House Republican budget resolution “should be a wake-up call for all Americans. In addition to slashing programs the American people depend on, it creates a death panel commission for Social Security, even though Social Security (as Republicans have historically understood) doesn’t add a penny to the deficit.”
Said Altman: “Seventy percent of voters (including 70% of Republican voters) reject the idea of a closed-door fiscal commission. An overwhelming 92% of voters reject the idea of cutting Social Security and Medicare. This budget is written to cater to billionaire donors, not voters.”
