President Obama’s Failure to Address Debt Crisis Would Guarantee Benefit Cuts for Seniors
President Obama's congressional campaign arm is out today accusing Republicans of proposing “radical benefit cuts” to programs like Social Security when - in fact - it is the president's own budget that by doing nothing would lead to “radical benefit cuts” for seniors and future retirees, while piling more debt onto the backs of our kids and grandkids.
Is this President Obama's idea of an “adult conversation?” Consider:
President Obama's budget proposal fails to address our job-crushing debt-crisis and ignores the need to protect entitlement programs for future generations...
But doing nothing to protect and preserve America's biggest entitlement programs will itself lead to automatic benefit cuts for seniors and future retirees...
At a time when Washington is already borrowing 42 cents for every dollar it spends, Politico reports that “[e]ighty-one percent of those surveyed for a Washington Post-ABC News poll... said they think that if no changes are made to Social Security, the program will be in trouble.” And they're right.
So while the president's political arm pitches misleading attacks and the White House pushes a status quo budget plan that would guarantee future benefit cuts, House Republicans have pledged to lead where the president has failed and introduce a budget that addresses our job-crushing debt crisis. Failing to address our debt crisis means more uncertainty for our small businesses who create jobs, and more uncertainty for every American who counts on programs like Medicare and Medicaid. Without a real plan to protect these programs, they simply won’t be there for future generations. And that’s unacceptable.