Debt-limit fight: Trump urges Republicans to stay away from Medicare, Social Security cuts

by user

Former President Donald Trump is urging Republican lawmakers to stay away from cuts to major programs for senior citizens as Washington girds for an intense fight over the U.S. debt limit.

‘Under no circumstances should Republicans vote to cut a single penny from Medicare or Social Security.’

— Former President Donald Trump

Trump, who is running again for president and who injected himself into the lengthy election of Rep. Kevin McCarthy as House speaker, made the comments in a video message that was reported by Politico ahead of its release.

As MarketWatch has reported, Democrats and Republicans look set for a possible market

-shaking showdown over lifting the U.S. debt limit, with the real trouble probably coming in the summer. The White House has said it should be raised without conditions, while Republicans have demanded federal spending cuts in exchange for lifting the borrowing limit.

Washington Watch: U.S. runs up against its debt limit, so Treasury starts using ‘extraordinary measures’: Here’s what that means.

Read this too: Republicans ‘just as much responsible for our debt,’ GOP Rep. says

Trump, noted Politico, suggested Republicans should target things like foreign aid and “climate extremism” instead of going after benefits for the elderly. “Save Social Security, don’t destroy it,” he said.

Market Extra: Why the U.S. debt-ceiling is already worrying stock and bond investors

Trump’s appeal was at least the second to congressional Republicans this month. The former president’s urging GOP lawmakers to vote for McCarthy for speaker was initially rebuffed by hardline conservatives, but he may have played a role in convincing holdouts to switch in the end.

Source link

Related Posts

Leave a Review

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy