Medicare could fall victim to GOP’s ‘voodoo economics’

Social welfare programs such as Medicare are on the chopping block in an effort to shore up a budget hit hard by the 2017 tax cuts. The federal budget deficit is nearing $1 trillion, its highest level in almost a decade.

By

Opinion

February 5, 2020 - 8:35 AM

Seema Verma, Administrator, Centers for Medicare & Medicaid Services in 2018. Photo by (Ron Sachs/CNP/Zuma Press/TNS)

President Donald Trump last month opened the possibility of cutting Medicare and other entitlement programs, which would break a promise he made during the 2016 campaign. All indications are that the administration wants to justify such cuts as necessary to offset a federal budget deficit that is nearing the $1 trillion mark, its highest level in almost a decade.

That deficit is largely the result of the massive tax cut, primarily benefiting the rich, that Trump and Republicans rammed through in 2017. You remember, the one that was supposed to “pay for itself” in historic economic growth rates that never materialized.

A big question facing voters in November, then, is whether they’re OK with a president and party that passed a fiscally irresponsible tax cut, then suggested paying for it by cutting benefits to regular Americans.

Related
February 10, 2020
September 12, 2019
March 7, 2019
September 24, 2018