Marco Rubio Admits: GOP is Coming for Social Security and Medicare Next
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Now let’s get to it:
This was Rubio in early December-but it holds now. Newsweek:
“You have got to generate economic growth because growth generates revenue,” Rubio said at a Politico conference. “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.”
There’s been a lot of talk about the GOP betraying its own fiscal deficit principles. This is rather said-are these many people really taken in by the GOP’s gag? The notion that the Grand Ole Party cares a whit about the deficit doesn’t even pass the laugh test.
I mean the history is speaks for itself:
1. Huge deficits under Reagan
2. Huge deficits under Bush Sr.
3. A budget surplus under Clinton
4. Huge deficits under Bush Jr.
5. Under Obama a smaller structural deficit despite being in the middle of a recession. And the deficit would continue to shrink during the Obama years.
6. Under Trump a $1 trillion budget deficit is the new normal.
And this article was written before the the fake GOP tax reform scam which will add $1,5 trillion to the deficit thanks to for a record tax cut for corporations which are already making record profits.
No, this is all part of the starve the beast strategy worked out by Jude Wanniski way back in the 1970s.
What this comes down to largely is a GOP Congress will only allow a GOP POTUS to adequately deficit spend. Second, the Dems have totally been snookered. Dems tend to boast of our relative fiscal probity-and the GOP will take this sense of Dem superciliousness everyday of the week and twice on Sunday.
As for this GOP tax bill the party is getting the headlines it wants: ‘most people will see their taxes cut in 2018.’
“President Trump and Republicans in Congress are celebrating the $1.5 trillion legislation as a big tax cut for workers and businesses. And for the time being, it is that — 80 percent of the country will pay lower taxes next year.”
The 80 percent may be too optimistic. But what about future years? Most Americans over time will see a tax increase. A large reason for that is because the tax cuts for individuals like the increased standard deduction is phased out in 2025.
When the GOP is called out on taking away the standard deduction increase but leaving the corporate tax cuts in tact the explanation is that they will reinstate the in the future.
That this is just a parlor trick to not run afoul of Senate rules on reconciliation that proscribe raising the deficit beyond 2017.
But whether the individual cuts come back or not it’s clear this is going to give the GOP the excuse to cut entitlements in the future.
You can see how the coming-degraded-debate is shaping up already:
“The nation already owes $15 trillion to investors and foreigners. Even before the tax bill, the country was on track to hit $25 trillion in debt in the next decade, according to the Congressional Budget Office.”
“That would be the highest in modern American history. The tax bill adds another $1 trillion to $2 trillion to the total.”
By the way, this talk of debt levels is a total red herring. But it will be the excuse used to cut entitlements.
“We are just dooming ourselves to a larger tax increase or spending cuts in the future,” said Marc Goldwein, senior policy director for the Committee for a Responsible Federal Budget. “At some point our leaders are going to look at our finances — or the markets will force them to — and say this is unsustainable.”
“Republicans are already previewing how they intend to address the debt. They say they are looking as soon as next year to begin an overhaul of the entitlement system — Medicare, Medicaid and Social Security — in hopes of limiting spending.”
T”hey are also seeking to target the safety net, pledging to curb eligibility in an effort to encourage people to seek work instead of relying on government assistance.”
The GOP is not unified on these questions. Trump promised not to touch Medicare and Social Security, two programs that are popular among his base of working-class white voters
It’s enough to render one speechless-this Post writer is taking Donald Trump at his word on entitlements. So far he’s clearly been at odds with the GOP on tax and fiscal policy. Oh wait.
The only answer is to vote Democrat. And to vote Mike Sax for NY2.
P.S. I’m Mike Sax, I’m running for Congress in the NY 2nd District and I’m a Hillary Clinton Democrat.
Meeting her recently was one of the biggest honors in my life to stand next to such a fine public servant and trailblazer. She seemed to like our Impeachment Train campaign t shirts too!
Think of the shirt as a one time investment in restoring legitimacy to this country.
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