When asked about America’s soaring debt and deficits, Senate Majority Leader Mitch McConnell lamented “It’s disappointing, but it’s not a Republican problem,” and he blames Social Security, Medicare and Medicaid.
Rubbish. It’s not social spending that’s causing the federal deficit to soar. It’s Republican tax cuts, especially on corporations and the wealthy.
Look at the evidence. Of all 35 advanced economies, America’s spending on social programs like Medicare, Social Security, and Medicaid is among the lowest, as you can see.
Also, Americans pay into Social Security and Medicare throughout their entire working lives.
via Common Dreams.
Related Reading:
Exploding the Budget Deficit Will Lead to Middle-Class Benefit Cuts.
The tax law would leave Medicare, Medicaid and Social Security vulnerable to benefit cuts because of its dramatic $1.5 trillion increase at a minimum in the public debt – an increase that will have to be offset in the future.
