New reporting confirms what many have warned against: MAGA extremists in the U.S. House are threatening to hold the economy hostage by not raising the debt ceiling unless they get huge cuts to Social Security and Medicare benefits.

According to the Washington Post: “In recent days, a group of GOP lawmakers has called for the creation of special panels that might recommend changes to Social Security and Medicare … Others in the party have resurfaced more detailed plans to cut costs, including by raising the Social Security retirement age to 70, targeting younger Americans who have yet to obtain federal benefits.” 

MAGA extremists in Congress are eager to use the debt they exacerbated with tax breaks for wealthy corporations as an excuse to threaten the health and retirement security of millions of hard-working Americans. It says it all about the MAGA majority fringe economic plan: deep cuts to earned benefits for seniors and working people while protecting or even expanding wasteful tax breaks for billionaires and giant corporations. For nearly nine decades, Social Security has kept generations of seniors and Americans with disabilities out of poverty and allowed seniors to live out their Golden Years with dignity. For nearly 60 years, Medicare has provided millions of seniors with access to life-improving health benefits no matter their income or condition. MAGA extremists want to break the promise of guaranteed benefits that has been kept for generations – benefits earned through years of hard work -- rather than ask for any contribution from their biggest and wealthiest donors, especially greedy corporations.

MAGA extremists are working to gut benefits by raising the retirement age for seniors. Why should seniors, including those who do physically demanding jobs, have to tough it out for a few more years before retirement so wealthy special interests can keep their tax giveaways?"

Liz Zelnick, Director of Accountable.US’ Economic Security & Corporate Power program
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