BarryLaverty Posted February 10, 2020 Share Posted February 10, 2020 I hope he tries and follows through with this, as it will lead to disaster for his reelection campaign. https://www.yahoo.com/finance/m/3720f255-e639-3d5c-a724-865c79911294/trump’s-election-year-gamble-.html Opinion: Trump’s election year gamble: Cutting entitlements for seniors Published: Feb 10, 2020 12:14 p.m. ET Are Social Security and Medicare in jeopardy? Reuters By PAULBRANDUS COLUMNIST President Trump is proposing cuts—in some cases big cuts—to Medicare, Medicaid, Social Security and other parts of the social safety net. It’s part of his 2021 budget that the White House is unveiling today. The plan, being rolled out in during what is expected to be a tight re-election bid for Trump, calls for $4.4 trillion in overall spending cuts over the next decade. Of that, according to the White House budget office, Medicare would be cut by some $850 billion over 10 years, Medicaid $270 billion and Social Security $30 billion. The proposed cuts would include $130 billion from changes to Medicare prescription-drug pricing, $292 billion from safety-net cuts—such as work requirements for Medicaid and food stamps—and $70 billion from tightening eligibility for federal disability benefits. The proposals run counter to what the president said over the weekend, when he tweeted that the budget “will not be touching your Social Security or Medicare.” Trump’s budgets, notes the Washington Post, “have routinely sought big Medicaid changes that would cut roughly $800 billion from the program over 10 years.” Indeed, last year, Trump proposed slashing Medicare—a key federal health program for the elderly—by $845 billion over 10 years, from current law. Now, he’s trying again. In the past, Trump officials have attacked press reports about proposed cuts as inaccurate. Acting budget director Russell Vought said last year, for example, that Medicare spending would continue to rise in absolute terms—but the rate of growth would slow. That the White House is proposing entitlement cuts should come as no surprise. “We’ve brought it up with President Trump,” Sen. John Barrasso, Republican of Wyoming, said last summer. And Trump “has talked about it being a second-term project.” And as recently as last month when he attended the World Economic Forum in Davos, Switzerland, the president was asked if he would ever consider cutting entitlements. Trump’s response: “At some point they will be.” Senate Majority Leader Mitch McConnell has also expressed a desire to cut entitlement spending, calling it “the real drivers of the debt.” For their part, Democrats charge that Trump’s 2017 tax cuts—heavily focused on breaks for corporations and wealthy individuals—have spiked the deficit and debt. These dueling narratives will be a key part of the nasty 2020 campaign. That debate aside, the numbers do show that spending on the “big three”—Social Security ($1.1 trillion), Medicare ($679 billion) and Medicaid ($418 billon)—will be approximately $2.19 trillion in 2020, nearly three times more than defense spending ($738 billion). It’s also true that spending on Social Security, Medicare and Medicaid is soaring, as an estimated 10,000 baby boomers retire each day, a trend that is expected to continue through 2029. The strain on Social Security is evident right now: This year, the program began dipping into reserves to pay beneficiaries; by 2034, that surplus is projected to be gone and after that Social Security—which is based on payroll taxes—will only be able to pay 79% of projected benefits. To make up the difference, payroll taxes will have to go up, or eligibility ages will have to rise—perhaps both. Either way, pain is in the forecast. More workers could also enter the workforce and pay into the system, but U.S. birthrates are declining and the Trump administration is working to lower even legal immigration. For now though, this is all academic. Trump’s proposed cuts to the social safety net will surely never get through Nancy Pelosi’s House of Representatives, just as Democratic proposals to raise taxes to expand entitlements would probably never get through Mitch McConnell’s Senate. This means entitlement spending will keep chugging along and growing. We’ll see who’s in control after November. 1 Link to comment Share on other sites More sharing options...
Reuters By PAULBRANDUS COLUMNIST President Trump is proposing cuts—in some cases big cuts—to Medicare, Medicaid, Social Security and other parts of the social safety net. It’s part of his 2021 budget that the White House is unveiling today. The plan, being rolled out in during what is expected to be a tight re-election bid for Trump, calls for $4.4 trillion in overall spending cuts over the next decade. Of that, according to the White House budget office, Medicare would be cut by some $850 billion over 10 years, Medicaid $270 billion and Social Security $30 billion. The proposed cuts would include $130 billion from changes to Medicare prescription-drug pricing, $292 billion from safety-net cuts—such as work requirements for Medicaid and food stamps—and $70 billion from tightening eligibility for federal disability benefits. The proposals run counter to what the president said over the weekend, when he tweeted that the budget “will not be touching your Social Security or Medicare.” Trump’s budgets, notes the Washington Post, “have routinely sought big Medicaid changes that would cut roughly $800 billion from the program over 10 years.” Indeed, last year, Trump proposed slashing Medicare—a key federal health program for the elderly—by $845 billion over 10 years, from current law. Now, he’s trying again. In the past, Trump officials have attacked press reports about proposed cuts as inaccurate. Acting budget director Russell Vought said last year, for example, that Medicare spending would continue to rise in absolute terms—but the rate of growth would slow. That the White House is proposing entitlement cuts should come as no surprise. “We’ve brought it up with President Trump,” Sen. John Barrasso, Republican of Wyoming, said last summer. And Trump “has talked about it being a second-term project.” And as recently as last month when he attended the World Economic Forum in Davos, Switzerland, the president was asked if he would ever consider cutting entitlements. Trump’s response: “At some point they will be.” Senate Majority Leader Mitch McConnell has also expressed a desire to cut entitlement spending, calling it “the real drivers of the debt.” For their part, Democrats charge that Trump’s 2017 tax cuts—heavily focused on breaks for corporations and wealthy individuals—have spiked the deficit and debt. These dueling narratives will be a key part of the nasty 2020 campaign. That debate aside, the numbers do show that spending on the “big three”—Social Security ($1.1 trillion), Medicare ($679 billion) and Medicaid ($418 billon)—will be approximately $2.19 trillion in 2020, nearly three times more than defense spending ($738 billion). It’s also true that spending on Social Security, Medicare and Medicaid is soaring, as an estimated 10,000 baby boomers retire each day, a trend that is expected to continue through 2029. The strain on Social Security is evident right now: This year, the program began dipping into reserves to pay beneficiaries; by 2034, that surplus is projected to be gone and after that Social Security—which is based on payroll taxes—will only be able to pay 79% of projected benefits. To make up the difference, payroll taxes will have to go up, or eligibility ages will have to rise—perhaps both. Either way, pain is in the forecast. More workers could also enter the workforce and pay into the system, but U.S. birthrates are declining and the Trump administration is working to lower even legal immigration. For now though, this is all academic. Trump’s proposed cuts to the social safety net will surely never get through Nancy Pelosi’s House of Representatives, just as Democratic proposals to raise taxes to expand entitlements would probably never get through Mitch McConnell’s Senate. This means entitlement spending will keep chugging along and growing. We’ll see who’s in control after November.
RETIREDFAN1 Posted February 10, 2020 Share Posted February 10, 2020 That's from yahoo.....another anti-American, anti-Trump libtard site that has about as much reliability as Weekly World News...... 1 Link to comment Share on other sites More sharing options...
BarryLaverty Posted February 10, 2020 Author Share Posted February 10, 2020 Actually from Marketwatch...MarketWatchFebruary 10, 2020 MarketWatch is an American financial information website that provides business news, analysis, and stock market data. It is a subsidiary of Dow Jones & Company, a property of News Corp, which also owns The Wall Street Journal and Barron's. So? 1 Link to comment Share on other sites More sharing options...
RETIREDFAN1 Posted February 10, 2020 Share Posted February 10, 2020 Just now, BarryLaverty said: Actually from Marketwatch...MarketWatchFebruary 10, 2020 MarketWatch is an American financial information website that provides business news, analysis, and stock market data. It is a subsidiary of Dow Jones & Company, a property of News Corp, which also owns The Wall Street Journal and Barron's. So? Link to comment Share on other sites More sharing options...
BarryLaverty Posted February 10, 2020 Author Share Posted February 10, 2020 7 minutes ago, WestHardinfan1 said: That's from yahoo.....another anti-American, anti-Trump libtard site that has about as much reliability as Weekly World News...... 6 minutes ago, BarryLaverty said: Actually from Marketwatch...MarketWatchFebruary 10, 2020 MarketWatch is an American financial information website that provides business news, analysis, and stock market data. It is a subsidiary of Dow Jones & Company, a property of News Corp, which also owns The Wall Street Journal and Barron's. So? Link to comment Share on other sites More sharing options...
RETIREDFAN1 Posted February 10, 2020 Share Posted February 10, 2020 Just now, BarryLaverty said: IF yahoo links it, it's liberal, slanted, and unreliable....... Link to comment Share on other sites More sharing options...
BarryLaverty Posted February 10, 2020 Author Share Posted February 10, 2020 Interesting...and Breitbart? https://mediabiasfactcheck.com/breitbart/ 1 Link to comment Share on other sites More sharing options...
Sportsfanatic1 Posted February 10, 2020 Share Posted February 10, 2020 In his presser he said he wasn't cutting none of the three. Do people not pay attention to what the man says? You would think they would after all he's delivered since his campaign. By the way, he did say he was cutting food stamps Link to comment Share on other sites More sharing options...
DAWG91 Posted February 10, 2020 Share Posted February 10, 2020 More lies. Same ol same ol Link to comment Share on other sites More sharing options...
DaveTV1 Posted February 10, 2020 Share Posted February 10, 2020 Unfortunately it would be political suicide to do it. I do think they should do more physical checks on those that receive disabilities. I think the system is being scammed by some of those on it. Link to comment Share on other sites More sharing options...
KirtFalcon Posted February 10, 2020 Share Posted February 10, 2020 1 hour ago, BarryLaverty said: Interesting...and Breitbart? https://mediabiasfactcheck.com/breitbart/ Still citing the same libtard slanted "fact check" sites .... 1 Link to comment Share on other sites More sharing options...
Youngcoach123 Posted February 10, 2020 Share Posted February 10, 2020 God I hope he does. Will cement his legacy in my eyes Link to comment Share on other sites More sharing options...
RETIREDFAN1 Posted February 11, 2020 Share Posted February 11, 2020 48 minutes ago, KirtFalcon said: Still citing the same libtard slanted "fact check" sites .... We showed here recently that ALL so called fact check sites are dimturd propaganda...... Link to comment Share on other sites More sharing options...
KirtFalcon Posted February 11, 2020 Share Posted February 11, 2020 8 minutes ago, BoHogg said: https://www.houstonchronicle.com/business/article/medicare-change-houston-texas-hospitals-billion-15042920.php Houston Chronicle editors are also a bunch of libturd anti-Trump dweebs .... you're going to have to do better than that ... President Trump laid out his healthcare reform priorities during his SOTU speech ... this article is more misleading .... 1 1 Link to comment Share on other sites More sharing options...
DAWG91 Posted February 11, 2020 Share Posted February 11, 2020 Just now, KirtFalcon said: Houston Chronicle editors are also a bunch of libturd anti-Trump dweebs .... you're going to have to do better than that ... President Trump laid out his healthcare reform priorities during his SOTU speech ... this article is more misleading .... Not to mention most of the article is hidden behind a pay wall so you must subscribe to read it all. No thanks. 1 Link to comment Share on other sites More sharing options...
Coach Rab Posted February 11, 2020 Share Posted February 11, 2020 We know by now that any budget that actually cuts spending will not happen. I expect all of this to even out at some point where both sides will shout victory and not know a damned thing that just happened Link to comment Share on other sites More sharing options...
KirtFalcon Posted February 11, 2020 Share Posted February 11, 2020 BREAKING!!! CNN EXCLUSIVE - TRUMP TO POISON ALL LAKES, STREAMS, WATER WELLS. - PLANS TO CONTROL ALL DRINKING WATER SALES AND NAME HIMSELF "KING OF THE WORLD" IN HIS SECOND TERM. - ANONOMOUS SOURCED TELL THE NY TIMES TRUMP WILL HAVE PELOSI AND SCHUMER EXHILED. Film at 11 EDT .... 1 Link to comment Share on other sites More sharing options...
BarryLaverty Posted February 11, 2020 Author Share Posted February 11, 2020 And, he will slash student loan forgiveness, he will hack food stamps, and he MOST DEFINITELY will attack Medicare, Social Security and Medicaid funding, if given a chance and a Congress full of Republicans. But, he will increase military spending and keep adding to our deficit at an ever escalating rate. Big joke...really funny. Tee hee. 1 1 Link to comment Share on other sites More sharing options...
RETIREDFAN1 Posted February 11, 2020 Share Posted February 11, 2020 53 minutes ago, BarryLaverty said: And, he will slash student loan forgiveness, he will hack food stamps, and he MOST DEFINITELY will attack Medicare, Social Security and Medicaid funding, if given a chance and a Congress full of Republicans. But, he will increase military spending and keep adding to our deficit at an ever escalating rate. Big joke...really funny. Tee hee. Link to comment Share on other sites More sharing options...
DaveTV1 Posted February 12, 2020 Share Posted February 12, 2020 22 hours ago, KirtFalcon said: Houston Chronicle editors are also a bunch of libturd anti-Trump dweebs .... you're going to have to do better than that ... President Trump laid out his healthcare reform priorities during his SOTU speech ... this article is more misleading .... It's a liberal rag. I would never subscribe to it. I do read it only because I get it from a friend for free. Link to comment Share on other sites More sharing options...
KirtFalcon Posted February 12, 2020 Share Posted February 12, 2020 7 minutes ago, DaveTV1 said: It's a liberal rag. I would never subscribe to it. I do read it only because I get it from a friend for free. It's cheap bird cage liner .... Link to comment Share on other sites More sharing options...
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