President Joe Biden stated he received’t agree to cuts on applications reminiscent of Medicare and Social Safety if Republicans demand they be slashed as a situation for elevating the debt ceiling.
Ultimate week, House Minority Leader Kevin McCarthy stated if Republicans retake the House after the midterms, his caucus will power a showdown over spending cuts and the debt ceiling, which Congress will wish to lift at some point early subsequent year if the Treasury Department is to honor its monetary commitments.
“That you would be able to’t simply proceed down the path to keep spending and including to the debt,” McCarthy stated. “We’re no longer just going to keep lifting your credit card limit.”
When asked if he would are looking for cuts to Medicare and Social Security, McCarthy dodged and mentioned he would no longer “predetermine” which applications he needs slashed.
Talking at Democratic National Committee headquarters in Washington, D.C. on Monday, Biden addressed McCarthy’s remarks.
“We, the Democrats, are those which are fiscally responsible,” Biden mentioned. “Let’s get that straight now, good enough? We’re investing in all of The us, reducing on a regular basis prices whereas also lowering the deficit on the comparable time. Republicans are fiscally reckless, pushing tax cuts for the very wealthy that aren’t paid for, and exploiting a deficit that’s making inflation worse.”
Biden pledged Democrats will insulate social applications from any proposed spending cuts.
“Democrats are going to predict Social Safety and Medicare,” Biden persisted. “Republicans have been very clear. They’ve mentioned boldly that they want to minimize Social Safety and Medicare – and to the point that they’ll shut down the government, they are saying, and ship the nation into default, which raises prices for everyone if we do not minimize Social Safety and Medicare. I ain’t gonna do it.”
The crowd hooted and applauded.
Watch above by means of MSNBC.
The post ‘I Ain’t Gonna Do It’: Biden Says Any Republican Cuts to Medicare and Social Security Will Be Lifeless on Arrival first regarded on Mediaite.