McCarthy on Debt Ceiling Debate: Cuts to Medicare and Social Security Are off the Table

McCarthy: “Cuts to Medicare and Social Security, they are off the table. Defaulting on our debt is not an option. But neither is a future of higher taxes, higher interest rates, and an economy that doesn’t work for working Americans. Debt limit debates have been used for nearly every successful attempt to reform federal spending in living history. Why? Because the problem only gets solved when both parties come to the table. But don’t just take my word for it. Here’s what then-Vice President Biden said when he negotiated a debt limit increase with House Republicans in 2011. ‘You can’t govern without negotiating,’ he said. Those are his words. That was his sensible standard. And House Republicans are following it now.”