McCarthy Caves To Biden On Social Security And Medicare Cuts

Must read

Speaker McCarthy said on Sunday that he wants to take Social Security and Medicare cuts off the table as an option for spending cuts.

Transcript via CBS News’s Face The Nation:

MARGARET BRENNAN: I want to dig into what you are willing to put on the table because Republicans campaigned on fiscal responsibility. You promised you won’t spend more next year than you did last year. Are you willing to consider any reductions to Social Security and Medicare?

SPEAKER MCCARTHY: No. Let’s take those off the table–


SPEAKER MCCARTHY: Yeah. I mean, if you read our commitment to America, all we talk about is strengthening Medicare and Social Security. So, and I know the president says he doesn’t want to look at it, but we’ve got to make sure we strengthen those.

MARGARET BRENNAN: What do you mean by strengthen? You mean lift the retirement age, for example?

SPEAKER MCCARTHY: No, no, no. What I’m talking about Social Security, Medicare, you keep that to the side.

Subscribe To Our Newsletter:

McCarthy’s comments are going to come as a surprise to House Republicans who are demanding Social Security and Medicare cuts and thought that the debt ceiling was the perfect time to get them.

The Speaker’s comments confirm what Democrats have been whispering for weeks. McCarthy doesn’t have the votes among his own majority to pass any cuts to Social Security and Medicare.

President Biden’s strategy of no negotiations is having success. Kevin McCarthy is negotiating with himself, and so far, he is not winning.

More articles

Latest article

A Wall Street Analyst Believes This Semiconductor Stock Is Better Than Nvidia, and It Could Jump an Impressive 71%

Semiconductor stocks have been in fine form on the market, which is evident from the impressive 56% gains recorded by the PHLX Semiconductor Sector...

Dow Jones Futures: Bulls Want To Run, Taiwan Semi Leads 5 Breakouts; Moody’s Cuts U.S. Outlook

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. LAte Friday, Moody's cut its U.S. sovereign outlook...

Maria Bartiromo And Fox Couldn’t Hide Trump’s Cognitive Decline

Fox News’s Trump interview was pre-taped and heavily edited, and even they couldn’t hide Trump’s cognitive decline. At one point, Trump began using profanity...

These 4 REITs Have Huge Dividend Yields – But Are They A Trap?

With the stock market in the red for the third straight week and recession warnings ramping up, markets are more volatile than ever.Despite the...