Stephanie Young, 202-225-3130
WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today in opposition to S. 25, which would repeal the cost of living adjustment (COLA) for retired members of the Armed Services by extending the Medicare sequester:
“I am opposing this bill because it breaks the principle that domestic spending cuts should not pay for higher defense spending. Under their bill, Republicans propose to do so by extending the painful sequester and further cutting payments to Medicare providers.
“This is just the latest demonstration of why we cannot achieve the kind of comprehensive deficit reduction we need by way of small, piecemeal efforts that only ask one group to contribute – whether they are our nation’s veterans, federal employees, or anyone else. Serious deficit reduction, as recommended by the bipartisan Bowles-Simpson and Rivlin-Domenici commissions, will have to require everyone to contribute and share in the burden of putting America back on a sound fiscal path.
“Instead of seeking short-term measures, we ought to work together, across party lines and in the spirit of real compromise, to achieve fiscal stability that enables us to invest in a stronger economic future for all Americans.”