AFL-CIO Policy Director and Special Counsel Damon Silvers schooled CNBC's Kelly Evans and Simon Hobbs today about proposals to cut Social Security and Medicare benefits—and warned politicians to stay far away from the idea.
If you cut Social Security benefits or Medicare benefits to our seniors, to our most vulnerable people in our country, you are going to get no cover from the American labor movement.
And when Hobbs claimed the country "may well go bankrupt" without those cuts?
That’s frankly not true. That is a lie put forward by billionaires who don’t want to pay higher taxes....The people who believe what you said are people not counting on those programs and who are worried their very large incomes will be taxed.
Watch the clip here.