House Minority Leader Nancy Pelosi (D-CA) said Americans can “kiss Medicare goodbye” if House Speaker John Bohener’s (R-OH) debt ceiling compromise is passed into law, during a press conference earlier today. Pelosi was likely referring to a 12-member bipartisan committee in Boehner’s proposal that will be tasked with finding at least $1.5 trillion in savings from programs like Medicare, Medicaid, and Social Security:
PELOSI: This bill, in one fell swoop, just pulls the plug on progress for America’s families. Progress made in the last 50 years. As you know, we served the 46th anniversary yesterday of the signing of the Medicare bill. You can just kiss Medicare goodbye.
Robert Greenstein of the Center on Budget and Policy Priorities (CBPP) has described Boehner’s proposal as “tantamount to a form of ‘class warfare’” that “if enacted, it could well produce the greatest increase in poverty and hardship produced by any law in modern U.S. history.”