Via Daily Kos:
Here's Rep. Keith Ellison, co-chair of the House Congressional Progressive Caucus, on reports that Social Security cuts will be included in the debt ceiling. His message: Social Security isn't adding to the deficit, it "loans us money."
ELLISON: "Social Security actually is not contributing to the deficit. Social Security loans us money. So at the end of the day, all this discussion about how we’re going to cut Social Security is very distressing to me because Social Security isn’t the problem…This is inequitable and regressive…We’re asking the poorest Americans to sacrifice. When are the wealthiest Americans going to step up and do the patriotic thing, which is to contribute to deal with this budget deficit."
The Congressional Progressive Caucus again laid down their marker, shooting off a letter to the White House saying they can’t support such a bargain. It reads:
"First, any cuts to Social Security, Medicare and Medicaid should be taken off the table. The individuals depending on these three programs deserve well-conceived improvements, not deep, ideologically driven cuts with harmful consequences. These cuts would hurt households and damage the country’s economic recovery as well.
Second, revenue increases must be a meaningful part of any agreement. Tax breaks benefiting the very richest Americans should be eliminated as part of this deal. Republican insistence on protecting these tax breaks will force middle-class families to shoulder the burden of even deeper budget cuts, and this is unacceptable."