Pelosi: Dems oppose Social Security, Medicare cuts
WASHINGTON (AP) — The top House Democrat says she and fellow Democratic lawmakers will oppose including cuts in Social Security or Medicare benefits in any package aimed at reducing huge federal deficits.
House Minority Leader Nancy Pelosi made the remark to reporters Thursday after returning to the Capitol from President Barack Obama's budget talks with congressional leaders. The leaders are looking for a compromise package that would extend the government's borrowing limit while also slicing trillions off future budget deficits.
Signals have emerged that the White House would consider culling savings from Social Security and Medicare. But Pelosi, a California Democrat, says Democrats believe those two programs should not be used to pay for tax breaks for the rich.
Republicans have opposed ending some tax loopholes for the wealthy.