The Hill News

Today the House will consider legislation that would force the nation to default on our financial obligations for the first time in history unless Congress adopts a radical new constitutional amendment.

That amendment would impose arbitrary, reckless budget caps that would â€" without a doubt â€" force massive cuts to Medicare, Social Security and other crucial benefits. At the same time, it would constitutionally protect wasteful loopholes and tax breaks for millionaires and billionaires.

To meet an arbitrary spending cap frozen at 18 percent of Gross Domestic Product, it would shrink benefits and services back to levels not seen since 1966. In 1966, Medicare was one year old and there were 100 million fewer people in this country.

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