Congresswoman Shelley Berkley today opposed a Republican Balanced Budget Amendment that would have forced harmful cuts to Medicare, Social Security and benefits for America's veterans who fought to keep our nation secure. The Congresswoman released the following statement after voting against the Republican Balanced Budget Amendment:
"This proposal is nothing short of a sneak attack on Social Security, Medicare and veterans benefits. We cannot balance the budget by taking an axe to the benefits that Nevada's seniors and veterans rely on, while protecting taxpayer giveaways to Big Oil executives. We must cut spending and a Balanced Budget Amendment is one way to achieve this goal, but I cannot support such a proposal without ironclad protections for Social Security, Medicare and veterans benefits."
Berkley outlined her concerns about the negative impacts of the Republican Balanced Budget Amendment in a speech from the House floor Thursday. A video of her speech can be viewed at http://youtu.be/bvdIrLha5Aw and transcript of Berkley's remarks is available by visiting http://berkley.house.gov/.
GOP Balanced Budget Amendment Would Cut $1.2 Trillion from Social Security and About $750 Billion From Medicare Through 2021: According to the Center on Budget and Policy Priorities, "The constitutional Balanced Budget Amendment that the House is expected to consider this week could force Congress to cut all programs by an average of 17.3 percent by 2018. If revenues are not raised (the House-passed budget resolution assumes no increase above current-policy levels) and all programs are cut by the same percentage, Social Security would be cut $184 billion in 2018 alone and almost $1.2 trillion through 2021; Medicare would be cut $117 billion in 2018 and about $750 billion through 2021; and Medicaid and the Children's Health Insurance Program (CHIP) would be cut $80 billion in 2018 and about $500 billion through 2021." [Source: Center on Budget and Policy Priorities, 11/15/11].
GOP Balanced Budget Amendment Would Cut $85 Billion From Veterans' Disability Payments, Compensation Through 2021: According to the Center on Budget and Policy Priorities, the Republican Balanced Budget Amendment would cut veterans disability payments, compensation, and other entitlement benefits by $85 billion through 2021 if revenues are not raised. [Source: Center on Budget and Policy Priorities, 11/15/11].