Robert Reich makes some great points. He says the Republicans are blaming the deficit on Social Security and Medicare in order to the cut the programs.
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#politics #budget #republicans #health care #deficit #GOP #seniors #elderly #older americans #retirement #retirees #retirement crisis #entitlements #entitlement reform #baby boomersMore you might like
House Republicans unveiled a 2019 budget proposal Tuesday to send a message to their core supporters that repealing Obamacare, cutting taxes and partially privatizing Medicare remain high on their agenda.
The budget, which claims to balance by 2027 through $8 trillion in spending cuts, seeks to revive the deficit-cutting mantle for Republicans after a two-year deal that increased spending by $300 billion. A massive tax cut approved last year is expected to add $2 trillion in deficits over 10 years.
via Bloomberg.
Related Reading:
House Budget Proposal Makes GOP Priorities
Painfully Clear.
- House Republicans apparently want to have it both ways: swelling the debt by $1.5 trillion with the reckless Trump/GOP tax scheme, then crying that deficits are too large – and insisting that crucial social programs must be cut to close the gap.
via twitter.
Related Reading:
Instead of balancing the budget on the backs of seniors, maybe Sen. Graham shouldn’t have voted for a tax cut for the wealthy which added over $1.5 trillion in debt.
Read more about GOP lawmakers calling for cuts to earned benefits by clicking here.
Robert Reich:
Hello Trump Tax Cuts.
Goodbye Medicare, Medicaid, Social Security.
Related Reading:
National Committee President Warns Senators About GOP Tax & Budget Scheme.
- What’s more, the tax plan will increase the national debt and compel Republicans to cut seniors’ earned benefits more aggressively in the future – even though Social Security and Medicare Part A are self-financed and do not contribute to federal budget deficits.
National Committee President, House Dems Decry GOP Tax Plan’s “Dire” Impact on Seniors.
As Republicans remain indifferent – or in denial – about the impact of the Trump/GOP tax scam on older Americans, seniors’ defenders are sounding the alarm. National Committee president and CEO Max Richtman joined House Minority Leader Nancy Pelosi and other Democratic representatives in front of the U.S. Capitol today to warn of the dangers the tax plan poses to seniors’ retirement and health security. Richtman called the tax bill a “con game that should be called the ‘Washington two-step.’”
Step one: cutting taxes for top-earning households and profitable corporations.
Step two: use the higher deficits the tax bill will create to cut critical programs, like Medicare, Medicaid and Social Security.”
More from this blog piece can be read here.
BREAKING NEWS
The House passed its 2018 budget resolution Thursday in a party-line vote that represents a step toward its goal of sending tax-reform legislation to President Trump.
via The Hill.
Unjust GOP budget and tax plan cuts the safety net for seniors.
- The Republican budget would gouge $1 trillion from Medicaid, more than 60 percent of which pays for long-term care for seniors who have already impoverished themselves to qualify.
- The budget resolution imposes per capita caps or block grants on Medicaid that won’t grow with the needs of the population, including emergencies like hurricane recovery in Puerto Rico.
- Despite President Trump’s repeated promises not to touch Medicare, the GOP budget resolution calls for nearly $500 billion in Medicare cuts.
- The program would be privatized and the eligibility age raised from 65 to 67.
The Congressional Budget Office is predicting the federal budget deficit will reach $960 billion in the 2019 fiscal year and $1 trillion in 2020, higher than the figures previously released. The nonpartisan analysis agency had previously forecast a $896 billion deficit for 2019 and $892 billion gap for 2020. The news comes as President Trump confirmed Tuesday to reporters that he is considering more tax cuts, including a payroll tax cut, which would add to government debt.
via Daily Beast.
Related Reading:
The Trump/GOP tax cuts for the wealthy will add over $1.5 trillion debt.
Learn more about how the tax cuts will hurt seniors by clicking here.
Instead of balancing the budget on the backs of seniors, maybe Sen. Graham shouldn’t have voted for a tax cut for the wealthy which added over $1.5 trillion in debt.
Please sign our petition by clicking here.
Right-wing media is trying, though. Rush Limbaugh and others have tried the Dick Cheney refrain that “deficits don’t matter.” But Laura Ingraham tried to appear “balanced” against Trump on Monday night by chiding him for the deficit with guest Lindsey Graham.
“What is going on with this budget bill?” asked Ingraham, “You know, I had to hit the president on this.” “It’s okay,” said Lindsey.
Graham then insisted that the Pentagon was destroyed under Obama and that Trump has had to rebuild it. And then he says the quiet parts out loud:
“We’ve gotta fix entitlements. We’re in debt because we made promises we can’t keep to Medicare, Social Security, and Medicaid.”
via Crooks and Liars.
Related Reading:
Republicans have asked for years to balance the budget on the backs of seniors.
We have been keeping track with our Congressional timeline which can be found by clicking here.
Rep. Alexandria Ocasio-Cortez made a plea for expanding Social Security benefits on Tuesday… in support of Rep. John Larson’s Social Security 2100: A Sacred Trust bill. Read more here: https://www.ncpssm.org/entitledtoknow/rep-larson-introduces-social-security-2100-a-sacred-trust-bill/. #Secure2100 #SocialSecurity