Quantcast
Connect with us

House Republicans not giving up plan to slash Medicare

Published

on

House Republicans will not give up a plan to cut Medicare and eventually turn it over to the private market.

The Washington Post reported that House Majority Leader Eric Cantor (R-VA) suggested Wednesday that Republicans were open to budget talks with the White House, including taking Medicare cuts off the table.

ADVERTISEMENT

But Cantor’s chief spokesman, Brad Dayspring, disputed the report, saying that the congressman planned to stick to the budget introduced by Budget Committee Chairman Paul Ryan that would cut trillions in spending while lowering tax rates for corporations and high income earners.

“The Ryan budget which — as you know — assumes a debt limit increase and includes Medicare, Medicaid and $715 billion in mandatory savings,” Dayspring told the Huffington Post. “Whether the Democrats will agree to the proposals we’ve outlined is yet to be seen, but that is our starting point so we don’t continue to kick the can down the road and make real cuts and real reforms this year.”

Sen. Kent Conrad (D-ND), who is retiring next year, announced Tuesday that he’s preparing a budget plan that aims to cut $4 trillion from federal spending over ten years, in a way that mirrors the White House fiscal commission. Though short on specifics, it seeks to protect Medicare while achieving $1 trillion in savings through tax reforms, presumably by eliminating loopholes and deductions rather than raising rates.

The blueprint is notably more conservative than the plan President Barack Obama laid out in response to the House GOP proposal. Democrats privately fear that it could become the left foil to the Republican measure, establishing their flank much further to the right than they’d like it to be, and pave the way for a very conservative centrist compromise.

ADVERTISEMENT

The budget battle comes as the United States fast-approaches its debt ceiling. Republicans have refused to raise the debt ceiling if Democrats don’t agree to deep cuts to federal spending.

Economists have warned of a catastrophe if the United States fails to meets its obligations — a collapse in the financial markets, massive layoffs due to a plunge in consumer demand and a possible depression.

Updated May 5th, 1:23am EST
With prior reporting by Sahil Kapur

ADVERTISEMENT

Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and legal efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. And unlike other news outlets, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from billionaires and corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you. Click to donate by check.

Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



Report typos and corrections to: [email protected]. Send news tips to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

ICE and Homeland Security busted pushing right-wing propaganda and conspiracy theories

Published

on

Donald Trump in Oval Office

Multiple federal departments have been pushing far-right propaganda to federal employees.

"An arm of the Justice Department regularly sent summaries and links to articles from an online white nationalist publication over the last year, a BuzzFeed News investigation has found. In addition, similar newsletters sent to the Labor Department, ICE, HUD and the Department of Homeland Security, included links and content from hyperpartisan and conspiracy-oriented publishers," BuzzFeed News reported Friday.

Continue Reading

Breaking Banner

Trump claimed North Korea missile testing ‘would stop’ — but they just launched again: report

Published

on

The upcoming G7 summit meeting in Bairritz, France will have one more issue to grapple with after North Korea reportedly conducted missile tests.

"South Korea's military confirms that North Korea has launched a projectile this morning. From South Hamgyong Province. Japan's government reported it first," Voice of America Seoul bureau chief William Gallo Tweeted Friday.

"North Korea has now conducted nine rounds of launches since early May. But this one's notable because it comes after Trump says Kim promised "this testing would stop when the exercises end." They did end Tuesday. And yet..." he noted.

Continue Reading
 

Breaking Banner

Trump is ‘having a full-blown mental breakdown’ and needs to resign: Ex-Trump staffer

Published

on

Leading Republican elected officials should work with President Donald Trump's family to negotiate him resigning from office, a former top White House official suggested on MSNBC on Friday.

Former White House press secretary Anthony Scaramucci blasted his former boss during an interview with Chuck Todd on MSNBC's "Meet the Press Daily."

"He has totally and completely lost it. There is nobody that can look at the situation, read the tweets, look at the press sprays, and say he hasn’t lost it," Scaramucci argued.

"What does that mean, lost it?" Todd asked. "Define that."

Continue Reading
 
 

Thank you for whitelisting Raw Story!

As a special thank you, from now until August 31st, we're offering you a discounted rate of $5.99/month to subscribe and get ad-free access. We're honored to have you as a reader. Thank you. :) —Elias, Membership Coordinator
LEARN MORE
close-link
close-image