Tell Boehner and McConnell to stop holding working people hostage so they can keep tax breaks for the wealthiest 2%!
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When the Trump tax cut was on the verge of being enacted, I called it “the biggest tax scam in history,” and made a prediction: deficits would soar, and when they did, Republicans would once again pretend to care about debt and demand cuts in Medicare, Medicaid and Social Security.
Sure enough, the deficit is soaring. And this week Mitch McConnell, the Senate majority leader, after declaring the surge in red ink “very disturbing,” called for, you guessed it, cuts in “Medicare, Social Security and Medicaid.” He also suggested that Republicans might repeal the Affordable Care Act — taking away health care from tens of millions — if they do well in the midterm elections.
Any political analyst who didn’t see this coming should find a different profession. After all, “starve the beast” — cut taxes on the rich, then use the resulting deficits as an excuse to hack away at the safety net — has been G.O.P. strategy for decades.
via New York Times.
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We did see this coming. The Republicans have been threatening to cut Social Security, Medicare, and Medicaid for years.
We have been keeping track of their comments with our earned benefits and health care project which can be found by clicking here.
All Washington seems to be buzzing this week over a single question: Is Sen. Mitch McConnell (R-Ky.) deliberately trying to throw the election to the Democrats?
At the root of the debate are interviews the Senate majority leader gave to Bloomberg and Reuters on Tuesday and Wednesday. McConnell identified “entitlements” — that’s Washington code for Social Security, Medicare and Medicaid — as “the real drivers of the debt” and called for them to be adjusted “to the demographics of the future.”
via Los Angeles Times.
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Sen. McConnell Reminds Retirees What They Have to Lose in November.
Today Senate Leader Mitch McConnell said that Republican leaders will focus on cutting Social Security, Medicare, and Medicaid.
The tax cuts in 2017 were a result of the Republican control of the federal government – almost all Republicans voted for the tax cuts and almost all Democrats did not. The cuts added $1 trillion to the federal deficit and the nonpartisan Joint Committee on Taxation did not support Republican arguments that the $1.5 trillion tax cut would pay for itself with economic growth. Senator McConnell’s announcement today makes clear political elites will use Social Security, Medicare and Medicaid as bargaining chips in budget negotiations and call for cuts in government spending. The higher deficits caused by the tax cuts of 2017 will fuel the chronic attack to cut the programs.
via Forbes.
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McConnell Reminds Retirees What They Have to Lose in November.
via twitter.
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Make no mistake, the timing of this comment is not coincidental, it is planned.
Senator Mitch McConnell, on October 16th, said Social Security, Medicare, and Medicaid were to blame for the rising debt which is a signal that the GOP will try to cut those programs.
Senate Majority Leader Mitch McConnell on Tuesday blamed rising federal deficits and debt on a bipartisan unwillingness to contain spending on Medicare, Medicaid and Social Security, and said he sees little chance of a major deficit reduction deal while Republicans control Congress and the White House.
via Bloomberg.
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This is not a surprise to us.
The GOP tax scam is projected to add $1.5 trillion to the deficit. In the video that is located in the above article, Sen. McConnell complains about the deficit being so high. He suggests “reforming” aka cutting earned programs to pay for the GOP’s tax cuts for the wealthy.
Read more about the GOP tax scam by clicking here.
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.
via Newsweek.
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Senator McConnell blames Social Security, Medicare, and Medicaid for rising debt.
In fact, tax expenditures – especially the Trump/GOP tax cuts – are the number one drivers of the debt, not Social Security or Medicare. Social Security is self-funded and does not contribute to the debt.
However, under the ‘leadership’ of McConnell in the Senate and Paul Ryan in the House, none of these bills has been properly considered. Instead, McConnell and his cohorts insist that the only way forward is benefit cuts for future retirees.
U.S. Senate Majority Leader Mitch McConnell, a Republican, recently pointed to “entitlements” as the key cause of rising federal deficits, and blamed Democrats for refusing to go along with proposals to cut spending by Medicare, Medicaid and Social Security.
McConnell was responding to a report from the U.S. Department of the Treasury last month that the budget deficit grew to $779 billion in fiscal 2018, the highest in six years. Treasury attributed the increase to the tax cuts contained in the Tax Cuts and Jobs Act (TCJA), higher spending and rising interest payments.
The call for cuts to our very popular entitlement programs just before an election makes for surprising politics - and it is not selling well with the public; a poll this week by NPR, PBS NewsHour and Marist (bit.ly/2zewazj) found that 60 percent of Americans would prefer to reverse the tax cuts than cut spending on Social Security, Medicare and Medicaid.
via Reuters.
Related Reading:
Sen. McConnell Reminds Retirees What They Have to Lose in November.
In fact, tax expenditures – especially the Trump/GOP tax cuts – are the number one drivers of the debt, not Social Security or Medicare. Social Security is self-funded and does not contribute to the debt. The same goes for Medicare Part A.
Senate Majority Leader Mitch McConnell has started budget and debt ceiling talks with the GOP’s favorite attack…cut Social Security or Medicare or else ______ (fill in the blank to fit the debate of the day). This time it’s… “or else we’ll shutdown the government.”
via Entitled to Know.
Senate Majority Leader Mitch McConnell on Tuesday blamed “bipartisan reluctance” to reform federal entitlement programs for the rising federal deficit, which the Treasury Department said Monday reached $779 billion in 2018.
“There’s been a bipartisan reluctance to tackle entitlement changes because of the popularity of those programs,” McConnell told Bloomberg News. “Hopefully at some point here, we’ll get serious about this. We haven’t been yet.”
McConnell added that he thought the Obama administration missed a window of opportunity to reform programs like Social Security, Medicare, and Medicaid, which account for about 70 percent of what the federal government spends annually.
via Washington Examiner.
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Sen. McConnell Reminds Retirees What They Have to Lose in November.
As if to remind us what is at stake with three weeks to go until election day, Senate Majority Leader Mitch McConnell doubled-down on the GOP’s promises to ‘reform’ Social Security and Medicare, which really means cut and privatize.
Democrats issued warnings Wednesday about the peril Republicans pose to Medicare and Social Security, accusing the GOP of plotting to cut critical safety net programs to close a budget deficit of their own making.
“A vote for Republican candidates in this election is a vote to cut Social Security, Medicare and Medicaid,” argued Sen. Chris Van Hollen (D-Md.).
Van Hollen and other Democrats pounced on comments from Senate Majority Leader Mitch McConnell, in which the top Senate Republican blamed social programs for the growing deficit and said he hoped Congress would tackle spending on them “at some point here.”
via Washington Post.
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Sen. McConnell Reminds Retirees What They Have to Lose in November.
Contrary to McConnell’s claim that there is a “bipartisan reluctance” to address the future of Social Security and Medicare, Democrats on Capitol Hill have offered several common sense solutions that would modestly improve benefits, while keeping both programs fiscally sound for the foreseeable future.
These include Rep. John Larson’s Social Security 2100 Act, Bernie Sanders’ Social Security Expansion Act, and several pieces of legislation to boost Medicare benefits and empower the program to negotiate drug prices with Big Pharma.