Snowe: No Medicare Or Social Security Cuts In Debt Deal

Republican Sen. Olympia Snowe (ME) said she will not support any debt deal that includes cuts to the two social safety net programs, citing “strong bipartisan support.” “There are solvency problems with both programs. They have to be addressed but not as part of the debt reduction talks,” Snowe told the Bangor Daily News. It’s unclear how she would square that position with her support for a balanced budget amendment. But Snowe added, “There are a lot of tax credits that are not needed and should be repealed” — a position with which Maine’s other Republican senator, Susan Collins, agreed. “We spend billions of dollars a year in subsidies that go to some very wealthy corporate farmers,” Collins said.