Khanna Warns House GOP Wants to 'Hijack the Entire US Economy' to Cut Social Security

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Khanna Warns House GOP Wants to 'Hijack the Entire US Economy' to Cut Social Security
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'They don't care about breaking the institutions, breaking the economy,' said Rep. RoKhanna.

to exploit a coming debt ceiling fight to secure Social Security cuts—are already"preparing a plan telling the Treasury Department what to do if Congress and the White House don't agree to lift the nation's debt limit later this year."

"The plan, which was previously unreported, was part of the private deal reached this month to resolve the standoff between House conservatives and Rep. Kevin McCarthy over the election of a House speaker," the newspaper continued."Rep. Chip Roy , a leading conservative who helped broker the deal, toldthat McCarthy agreed to pass a payment prioritization plan by the end of the first quarter of the year.

"The emerging contingency plan shows how Republicans are preparing to threaten to not lift the nation’s debt ceiling without major spending cuts from the Biden administration," theadded."Congress must pass a law raising the current limit of $31.4 trillion or the Treasury Department can't borrow anymore, even to pay for spending lawmakers have already authorized."on Tuesday, former U.S.

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