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Executive Director of the Alliance of Retired Americans, Rich Fiesta, joined the American Work Force Union Podcast and discussed increasing the debt ceiling, potential programs facing cuts and an older entry age to use Social Security and Medicaid.
Fiesta warned that if the debt ceiling is not raised, Social Security and Medicaid could each face a 20 percent cut. He recalled how, in multiple past instances, the debt ceiling was raised without additional cuts made to any programs. Fiesta also noted that nearly 88 percent of Americans are against proposed cuts to Social Security and Medicaid.
There is a strong possibility, Fiesta said, that many programs may face cuts -- including the Social Security Administration. However, the Social Security Administration is funded through the Social Security Program, and Fiesta does not believe there will be a large support for cuts to the Social Security Program.
Fiesta added that Social Security and Medicaid could face an increase in the entry age for both programs. He pointed to a blueprint for “An Improved America,” which was presented last year to Congress. There have been hearings on this plan, but Fiesta does not believe there is enough support to make any significant changes.
Listen to the entire episode to learn more.
America’s Work Force is the only daily labor podcast in the US and has been on the air since 1993, supplying listeners with useful, relevant input into their daily lives through fact-finding features, in-depth interviews, informative news segments and practical consumer reports. America’s Work Force is committed to providing an accessible venue in which America's workers and their families can hear discussion on important, relevant topics such as employment, healthcare, legislative action, labor-management relations, corporate practices, finances, local and national politics, consumer reports and labor issues.
America’s Work Force Union Podcast is brought to you in part by our sponsors: AFL-CIO, American Federation of Government Employees, American Federation of Musicians Local 4, American Alliance for Manufacturing, Anthem Blue Cross Blue Shield, Columbus/Central Ohio Building and Construction Trades Council, Communication Workers of America, International Association of Heat and Frost Insulators and Allied Workers, International Association of Heat and Frost Insulators and Allied Workers Local 50, International Brotherhood of Teamsters, International Federation of Professional and Technical Engineers, International Union of Bricklayers and Allied Crafts, International Union of Painters and Allied Trades District Council 6, Ironworkers Great Lakes District Council, The Labor Citizen newspaper, Laborers International Union of The National Labor Office of Blue Cross and Blue Shield, North America, North Coast Area Labor Federation, Ohio Federation of Teachers, Survey and Ballot Systems, United Labor Agency, United Steelworkers.
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