It’s debt ceiling time, and the United States economy is once again on the brink, held hostage by extremists hell-bent on forcing cuts to Medicare and Social Security. Oh, wait. That was last year. In 2014, for the first time in three years, the vote to extend the nation’s debt ceiling did not bring the United States to the brink of default in a high-stakes game of slash and burn.
As Republicans hold the government hostage and threaten to wreak economic havoc with the looming debt-ceiling showdown, some progressives on the Hill are worried that the strong-arm tactics will lead to an agreement on so-called “entitlement reform.” That’s Washington parlance for cuts to the nation’s most significant social programs: Social Security, Medicare and Medicaid.