Bernie Sanders on the latest debt ceiling talks.
Republican leaders talk about three or four trillion dollars in spending cuts over the next ten years, with no new taxes on the wealthy and large corporations and unless we turn the tide NOW, they will get pretty much what they want.
Please understand what they mean. While no specific proposals have been adopted as of this date, here are some of the ideas which have been discussed.
SOCIAL SECURITY: Revising the formula which determines cost of living increases (COLAs) so that in ten years, a 75-year-old will receive $560 a year less in benefits and in 20 years an 85-year-old will receive $1,000 a year less. Further, another provision which would require that Social Security always be solvent for 75 years would likely mean even larger cuts in benefits. All of this would take place despite the fact that Social Security has not contributed one penny to the deficit and has a $2.6 trillion surplus today. This new formula would also cut back on the pensions of veterans. Why cut Social Security?
MEDICARE: Raising the eligibility age from 65 to 67 and/or cutting benefits by $250 billion over ten years. Now you tell me, how are 66 year old Americans with modest means going to afford health insurance with a private company – especially if they have medical problems? It’s not going to happen. They are going to suffer. Some will unnecessarily die. Why cut Medicare?
MEDICAID: At a time when 50 million Americans already have no health insurance, Republicans and some Democrats are proposing to cut hundreds of billions from Medicaid which means that many men, women and children will lose the health insurance they have. According to a Harvard University study, some 45,000 Americans die each year because they don’t get to a doctor when they should. How many more will die if Medicaid is slashed? How many children will be thrown off of the Children’s Health Insurance Program? Why cut Medicaid when it’s already been slashed to the bone?
EDUCATION: Today, childcare and college education are already unaffordable for millions of working families and Head Start has long waiting lists. If Republicans and some Democrats get their way, Pell grants and other educational programs will be deeply slashed. Affordable childcare and a college education will no longer be possible for many families in our country. Why cut childcare and college education anymore than they’ve already been slashed?
ENVIRONMENTAL PROTECTION AND INFRASTRUCTURE: Forget about the government having the ability to protect the people from corporations who want to evade regulations within the Clean Air Act and the Clean Water Act. With massive cuts in the EPA, the resources will not be there. Forget about this country having the investment capability to transform our energy system to energy efficiency and sustainable energy. Forget about creating millions of jobs rebuilding our crumbling infrastructure and improving our public transportation system.
Why cut environmental protection at all? Forget it. Why cut funds to infrastructure when your nation’s infrastructure is collapsing?
At a time of growing hunger in America there will be massive cuts to nutrition programs. We have a crisis in homelessness, and there will be cuts to affordable housing. While we need more funds for research and development in disease prevention and other areas, fewer funds will be available. And on and on it goes. Why cut hunger programs at a time of rising hunger? Why cut housing funds when we have a homelessness crisis? Why cut funds for R & D in medicine and science?
I’m scared. I’d feel more comfortable with a French Revolution than this.