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Republican Senate Majority Leader (Mitch McConnell) Calls to Cut Social Security, Medicare

 
 
Reply Tue 16 Oct, 2018 04:24 pm
Republican Senate Majority Leader Mitch McConnell Calls to Cut Social Security, Medicare.

Published: October 16, 2018


Quote:
After instituting a $1.5 trillion tax cut and signing off on a $675 billion budget for the Department of Defense, Senate Majority Leader Mitch McConnell said Tuesday that the only way to lower the record-high federal deficit would be to cut entitlement programs like Medicare, Medicaid and Social Security.

"It’s disappointing but it’s not a Republican problem," McConnell said of the deficit, which grew 17 percent to $779 billion in fiscal year 2018. McConnell explained to Bloomberg that "it’s a bipartisan problem: Unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics of America in the future." The deficit has increased 77 percent since McConnell became majority leader in 2015.

New Treasury Department analysis on Monday revealed that corporate tax cuts had a significant impact on the deficit this year. Federal revenue rose by 0.04 percent in 2018, a nearly 100 percent decrease last year’s 1.5 percent. In fiscal year 2018, tax receipts on corporate income fell to $205 billion from $297 billion in 2017.

Still, McConnell insisted that the change had nothing to do with a lack of revenue or increased spending and instead was due to entitlement and welfare programs. The debt, he said, was very “disturbing” and driven by “the three big entitlement programs that are very popular, Medicare, Social Security and Medicaid...There’s been a bipartisan reluctance to tackle entitlement changes because of the popularity of those programs. Hopefully, at some point here, we’ll get serious about this.”

President Donald Trump promised to leave Medicare untouched on the campaign trail, but Republican leaders like House Speaker Paul Ryan and Florida Senator Marco Rubio have long indicated their desire to cut entitlement programs to pay for their tax cuts.

"You have got to generate economic growth because growth generates revenue,” Rubio said at a Politico conference late last year. "But you also have to bring spending under control. And not discretionary spending. That isn’t the driver of our debt. The driver of our debt is the structure of Social Security and Medicare for future beneficiaries."

“We're going to have to get back next year at entitlement reform, which is how you tackle the debt and the deficit,” Speaker Ryan said on a conservative radio program around the same time.

Democrats, meanwhile, jumped on McConnell’s admission as proof that Republicans had long planned to cut entitlement spending to fund the tax cuts that largely benefit corporations and wealthy Americans. “The truth comes out! This was their deceptive plan all along,” said Representative Lois Frankel of Florida.

“When Republicans in Congress said their tax cuts to wealthy multinational corporations would pay for themselves, they lied,” wrote Ohio Congressman Tim Ryan on Twitter. “Now, they're going to try to come for hardworking people to foot the bill by slashing Medicare, Medicaid, and Social Security. We can't let them.”

A recent Pew poll found that the majority of both Democrats and Republicans thought the rising federal deficit and cost of healthcare were major problems facing the U.S.-- something that Democrats are taking note of and will try to package into their midterm campaign platforms over the next three weeks.

“Every Republican Senate candidate is on the hook for Mitch McConnell’s plan to cut Medicare and Social Security. First it was jeopardizing pre-existing conditions coverage, then it was pursuing an age tax that would charge older Americans more for care, and now it’s targeting the benefits Americans have paid into,” wrote Democratic Senatorial Campaign Committee spokesman David Bergstein in a statement. “This platform is disqualifying, and just like taking away coverage for pre-existing conditions, it's exactly what GOP candidates don't want to be talking about weeks before the election.”

http://www.msn.com/en-us/news/politics/mitch-mcconnell-calls-to-cut-social-security-medicare/ar-BBOtGyE?ocid=UE13DHP
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Type: Discussion • Score: 7 • Views: 1,516 • Replies: 34

 
Real Music
 
  1  
Reply Tue 16 Oct, 2018 04:45 pm

Republican Admits Real Truth Behind Tax Cuts

https://able2know.org/topic/433050-1
0 Replies
 
Real Music
 
  1  
Reply Wed 17 Oct, 2018 12:10 am
Published on Dec 21, 2016

Republicans in the House of Representatives have introduced legislation to re-structure Social Security.

But rather than “re-structuring” the program, it simply gives huge tax cuts to wealthy while cutting benefits for people living on Social Security.

0 Replies
 
Real Music
 
  1  
Reply Wed 17 Oct, 2018 12:19 am
Published on Dec 7, 2017

Republican House Speaker made it clear this week that he and his republican colleagues will be going after programs like Social Security, Medicare, and Medicaid in 2018 to make up for the massive deficit they’ll be creating with their tax cuts for the rich.

0 Replies
 
oralloy
 
  -4  
Reply Wed 17 Oct, 2018 04:42 pm
It can't be any worse than the half-trillion that Barack Obama cut from Medicare.
farmerman
 
  5  
Reply Wed 17 Oct, 2018 07:21 pm
@oralloy,
ya think McConnell is proposing to expand Medicaid, like Obama did ??
Nope, hes gonna use it to plaster up the deficit expansion that result from the tax cuts for those above your pay grade.

I can afford a part B increase that will surely happen in 2020 health insurance premiums,everything will flow downhill. 2020 will give Trump time to get out of office so the GOP can blame the Democrats for the coming mess.

Oh well, Obama got us out of the last mess and had the economy up to speed when pLump came on board. Plump will have as much time to kick off the next recession just as GHW Bush did in his.
McGentrix
 
  0  
Reply Thu 18 Oct, 2018 01:11 pm
@farmerman,
farmerman wrote:

ya think McConnell is proposing to expand Medicaid, like Obama did ??
Nope, hes gonna use it to plaster up the deficit expansion that result from the tax cuts for those above your pay grade.

I can afford a part B increase that will surely happen in 2020 health insurance premiums,everything will flow downhill. 2020 will give Trump time to get out of office so the GOP can blame the Democrats for the coming mess.

Oh well, Obama got us out of the last mess and had the economy up to speed when pLump came on board. Plump will have as much time to kick off the next recession just as GHW Bush did in his.


Oh come on dude. Don't drink that kool-aid! You're a smart guy and too smart to believe that Obama just handed over the economy we have now. Trump is pro-business and Obama was anti-business. Because of Trump's policies and vision, business is booming because they know they can while under Obama the uncertainty of what he might do hindered progress. GDP 4+, unemployment below 4%,,, Not Obama's doing.

Also, you have to realize that the math shows that something HAS to be done with SS and Medicare. It's cannot keep running as it is. SS age HAS to be raised.
Finn dAbuzz
 
  -1  
Reply Thu 18 Oct, 2018 02:32 pm
@McGentrix,
God luck with that
0 Replies
 
maxdancona
 
  1  
Reply Thu 18 Oct, 2018 03:09 pm
@Real Music,
This is a winning issue for the Democrats, if they can get away from identity politics long enough.
0 Replies
 
Finn dAbuzz
 
  -1  
Reply Thu 18 Oct, 2018 04:27 pm
Every honest economist in the US (and the world) knows that eventually something must be done with entitlement programs.

They must either be reformed or our taxes must be increased to extraordinary levels.

No Dem wants to argue, honestly, about the latter, but quite a few Republicans are willing to do so on the former
engineer
 
  5  
Reply Thu 18 Oct, 2018 05:00 pm
@Finn dAbuzz,
Finn dAbuzz wrote:

They must either be reformed or our taxes must be increased to extraordinary levels.

That is not a correct statement. In 2000, the Treasury Department put out a report saying that with the recent and forecasted budget surpluses, the US government would pay off all of its debt by 2012. They were concerned about the impact that would have on world finance since the US treasury bond is the basis of a lot of systems. Taxes under Clinton were not crushing, in fact the economy grew pretty solidly under that scheme. Three rounds of unnecessary tax cuts and two wars put us well into the debt column. Now Congress has just passed another one and the deficit is ballooning again. We can afford the programs we have, but we can't keep giving ourselves tax cuts.

Projected government debt in 2000 vs what really happened.
https://cdn.theatlantic.com/assets/media/img/3rdparty/2011/10/gr-pm-govt-debt-462.gif
edgarblythe
 
  1  
Reply Thu 18 Oct, 2018 05:31 pm
The tax cuts to the rich is the biggest culprit, exploding the deficit. The bipartisan military budget is next. Democrats insisted on giving them millions more than they wanted. Unless they reverse these mistakes there is nothing for SS, Medicare and also infrastructure. We all know it. It's a question of throwing out most Republicans and corporate Democrats.
Finn dAbuzz
 
  1  
Reply Thu 18 Oct, 2018 05:56 pm
@engineer,
We'll see won't we?
0 Replies
 
Real Music
 
  3  
Reply Thu 18 Oct, 2018 09:10 pm
@McGentrix,
Quote:
Oh come on dude. Don't drink that kool-aid! You're a smart guy and too smart to believe that Obama just handed over the economy we have now. Trump is pro-business and Obama was anti-business. Because of Trump's policies and vision, business is booming because they know they can while under Obama the uncertainty of what he might do hindered progress. GDP 4+, unemployment below 4%,,, Not Obama's doing.

AP FACT CHECK: Trump falsely claims historic turnaround.
https://able2know.org/topic/473499-1
0 Replies
 
maxdancona
 
  2  
Reply Thu 18 Oct, 2018 09:38 pm
@Finn dAbuzz,
The term "honest economist" is dishonest. Does "honest" mean anything other than "agrees with me'?

That tax cuts exploding the deficit is pretty difficult to argue. If the political battle is tax cuts versus Medicare, I think the Democrats are on pretty good political footing.
Finn dAbuzz
 
  0  
Reply Fri 19 Oct, 2018 10:17 am
@maxdancona,
It means what it means but thanks for the insult.

Find me an economist who says we have nothing to worry about when it comes to entitlements and then we can debate their honesty.
farmerman
 
  4  
Reply Fri 19 Oct, 2018 10:24 am
@Finn dAbuzz,
then why the tax cut before thinking it all out??. Your statements sit right in front of recent facts. Carry on, your "spin" its delightful .

farmerman
 
  3  
Reply Fri 19 Oct, 2018 10:26 am
@Finn dAbuzz,
Quote:
Find me an economist who says we have nothing to worry about when it comes to entitlements
SO BALLOONING deficits are only in the purview of the Dems? Izzat how you spin is going?
Finn dAbuzz
 
  0  
Reply Fri 19 Oct, 2018 10:32 am
@farmerman,
Good question but irrelevant to the real question at hand.
0 Replies
 
Finn dAbuzz
 
  0  
Reply Fri 19 Oct, 2018 10:33 am
@farmerman,
Two replies....you're stoked FM! Smile
0 Replies
 
 

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