Senate Minority Leader Mitch McConnell (R-Ky.) said Thursday that he will oppose increasing the debt ceiling unless President Obama and the Democrats agree to short-term cuts in discretionary spending, as well as cuts in entitlement programs over the medium and long terms.
“In the long term, we all know — long-term — we have over 50 trillion in unfunded liabilities and very popular programs that Americans depend on, Medicare, Social Security, Medicaid, that are simply on an unsustainable path,” McConnell said.
McConnell made these remarks following a meeting of Senate Republicans with President Obama at the White House Thursday, at which Republican lawmakers laid out their demands for spending cuts for next year and the next decade.
McConnell said that, while Medicare and Medicaid were discussed at the meeting in the context of spending cuts, Social Security was hardly spoken of.
Obama took questions and comments from every GOP senator who wanted to express his or her views and won praise from McConnell for taking a productive first step in talks to raise the national debt ceiling.