Mitch McConnell Calls to Cut Social Security, Medicare
S E E D E D C O N T E N T
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. Federal revenue rose by 0.04 percent in 2018, a nearly 100 percent decrease last year’s 1.5 percent. In fiscal year 2018, tax receipts on corporate income fell to $205 billion from $297 billion in 2017.
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So just doing the back of the napkin math, they cut corporate tax revenue by about 1/3 and now want to cut SS and Medicare to pay for it...
McConnell says it's not a republican problem but a bipartisan problem.
He is manufacturing problems just to get his desired results.
Would people please vote this asshole out of office. He is a piece of shit that needs to be thrown out on his ear.
We knew it was coming. If the Democrats do not win back the house, we are all screwed.
Sooooo.......let me get this straight. I keep paying my FICA taxes but in 10 years when I retire I can just go fuck myself, amiright?