
Naturally.
AUGUSTA, Maine — Don’t look for members of Maine’s congressional delegation to support cuts in Social Security or Medicare as part of the debt limit legislation, but all four say a debt reduction package that includes budget cuts and new revenues is likely.
“There are solvency problems with both programs,” Sen. Olympia Snowe said in an interview on Friday, “They have to be addressed but not as part of the debt reduction talks.”
She said any debt reduction plan worked out by President Barack Obama and congressional leaders will still need the support of members of both parties and both Medicare and Social Security have strong bipartisan support.
“The talks between the President and congressional leaders should have happened in January,” Snowe said. “Everyone knew we would be coming up against the debt limit and that we needed to take action to reduce spending but it kept being put off until it has to be addressed and it has to be addressed.”
HT: Red Dog Report
