Mitch McConnell wants to take Social Security hostage.
CNN is reporting that Senate Majority Leader Mitch McConnell is planning on holding Social Security and Medicare hostage in upcoming debt ceiling debates. We’ve heard these threats before—but that doesn’t make them any less dangerous.
In just a few weeks – on November 5 – the Federal Government will run out of money to pay its debts unless Congress raises the debt limit. And Majority Leader McConnell is pledging to not raise the debt limit unless the president and members of Congress agree to deep cuts to our earned benefits.
This hostage-taking comes just as the Social Security Administration is expected to announce tomorrow that there will be no cost of living adjustment (or COLA) in 2016. That’s right—The Social Security COLA will be zero, and the Senate Majority Leader thinks that’s STILL too high.