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.

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.

ADVERTISEMENT

“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.

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.

ADVERTISEMENT

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


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

Breaking Banner

‘Comparing yourself to terrorists?’ Internet cracks up at Trump saying dead 9-11 hijackers got more justice than him

Published

on

President Donald Trump quoted Fox News host Mark Levin that left many scratching their heads. Levin, who has a show on Sunday evenings, claimed that the terrorists from Sept. 11 got more due process than the president.

The claim was a curious one because, as many on Twitter noted, it's not often that the president of the United States compares himself to a terrorist. Secondly, the 9-11 hijackers all died in the attack, as they were on the planes that crashed into the buildings and into a Pennsylvania field.

Trump is known to quote Levin frequently, though the citations often make the president look worse.

Continue Reading

Breaking Banner

MLK was ‘gravely disappointed’ with white moderates — whom he believed were responsible for impeding civil rights

Published

on

"We also realize that the problems of racial injustice and economic injustice cannot be solved without a radical redistribution of political and economic power."

—Martin Luther King Jr., 1967

This Martin Luther King Jr. Day comes as moderate Democrats, falling in line behind former vice president Joe Biden, are warning that the party risks re-electing Donald Trump if it nominates too radical a candidate for president — by which they mean someone like Senators Bernie Sanders or Elizabeth Warren.

Continue Reading
 

Breaking Banner

Harvard law professor Laurence Tribe catches Alan Dershowitz in humiliating hypocrisy: ‘He’s not to be trusted’

Published

on

Harvard Constitutional law professor Laurence Tribe called out President Donald Trump's lawyer, Alan Dershowitz, Sunday on Twitter, noting that his opinions seem to evolve depending on who he's defending.

Dershowitz is on a kind of press junket for the president, defending him in various media appearances. The former lawyer to Jeffrey Epstein is handling Trump's defense as it pertains to the abuse of power. Dershowitz thinks that charge has no basis in law. In fact, impeachment trials aren't actually legal proceedings, they're political proceedings, because the Justice Department claimed that Trump can't be indicted under the law while he's president.

Continue Reading
 
 
Help Raw Story Uncover Injustice. Join Raw Story Investigates for $1 and go ad-free.
close-image