Jimdamick
Well-Known Member
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.
Still, McConnell insisted that the change had nothing to do with a lack of revenue or increased spending and instead was due to entitlement and welfare programs. The debt, he said, was very “disturbing” and driven by “the three big entitlement programs that are very popular, Medicare, Social Security and Medicaid...There’s been a bipartisan reluctance to tackle entitlement changes because of the popularity of those programs. Hopefully, at some point here, we’ll get serious about this.”
Democrats and anyone with a fucking brain jumped on McConnell’s admission as proof that Republicans had long planned to cut entitlement spending to fund the tax cuts that largely benefit corporations and wealthy Americans. “The truth comes out! This was their deceptive plan all along,” said Representative Lois Frankel of Florida.
“When Republicans in Congress said their tax cuts to wealthy multinational corporations would pay for themselves, they lied,” wrote Ohio Congressman Tim Ryan on Twitter. “Now, they're going to try to come for hardworking people to foot the bill by slashing Medicare, Medicaid, and Social Security. We can't let them.”
“Every Republican Senate candidate is on the hook for Mitch McConnell’s plan to cut Medicare and Social Security. First it was jeopardizing pre-existing conditions coverage, then it was pursuing an age tax that would charge older Americans more for care, and now it’s targeting the benefits Americans have paid into,” wrote Democratic Senatorial Campaign Committee spokesman David Bergstein in a statement. “This platform is disqualifying, and just like taking away coverage for pre-existing conditions, it's exactly what GOP candidates don't want to be talking about weeks before the election.”
I'm 62 and retired and have been paying into SS and Medicare since I was 16, and you know what I get after almost 50 years of paying into those programs?
Fucking $1300 a month minus taxes, which doesn't pay for shit, after being sucked dry by this government paying all those weekly taxes for all my working life.
Now those cocksucking, motherfucking, pieces of shit Republicans want too cut my benefits to pay for their bombs and tax cuts for the richest Americans and corporations?
What will they (Republicans) do when the majority of Americans end up broke and can't afford to get medical attention because of cuts to nessecery social programs?
Oh, I know!!!
Not a fucking thing (blame it on Obama/Clinton?), because they don't give a shit about anything or anyone, as long as they get what they want, which is more money and power.
Anyone that votes Republican that is an average person in the USA, is a fucking idiot, because all they will get, or have gotten, is a dick up their asses as a result of Republican policies.
Yea, that's right Trump voters, your suckers that have fucked yourselves, and unfortunately in the process you fucked me and my family, and most of the world in the process.
"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.
Still, McConnell insisted that the change had nothing to do with a lack of revenue or increased spending and instead was due to entitlement and welfare programs. The debt, he said, was very “disturbing” and driven by “the three big entitlement programs that are very popular, Medicare, Social Security and Medicaid...There’s been a bipartisan reluctance to tackle entitlement changes because of the popularity of those programs. Hopefully, at some point here, we’ll get serious about this.”
Democrats and anyone with a fucking brain jumped on McConnell’s admission as proof that Republicans had long planned to cut entitlement spending to fund the tax cuts that largely benefit corporations and wealthy Americans. “The truth comes out! This was their deceptive plan all along,” said Representative Lois Frankel of Florida.
“When Republicans in Congress said their tax cuts to wealthy multinational corporations would pay for themselves, they lied,” wrote Ohio Congressman Tim Ryan on Twitter. “Now, they're going to try to come for hardworking people to foot the bill by slashing Medicare, Medicaid, and Social Security. We can't let them.”
“Every Republican Senate candidate is on the hook for Mitch McConnell’s plan to cut Medicare and Social Security. First it was jeopardizing pre-existing conditions coverage, then it was pursuing an age tax that would charge older Americans more for care, and now it’s targeting the benefits Americans have paid into,” wrote Democratic Senatorial Campaign Committee spokesman David Bergstein in a statement. “This platform is disqualifying, and just like taking away coverage for pre-existing conditions, it's exactly what GOP candidates don't want to be talking about weeks before the election.”
I'm 62 and retired and have been paying into SS and Medicare since I was 16, and you know what I get after almost 50 years of paying into those programs?
Fucking $1300 a month minus taxes, which doesn't pay for shit, after being sucked dry by this government paying all those weekly taxes for all my working life.
Now those cocksucking, motherfucking, pieces of shit Republicans want too cut my benefits to pay for their bombs and tax cuts for the richest Americans and corporations?
What will they (Republicans) do when the majority of Americans end up broke and can't afford to get medical attention because of cuts to nessecery social programs?
Oh, I know!!!
Not a fucking thing (blame it on Obama/Clinton?), because they don't give a shit about anything or anyone, as long as they get what they want, which is more money and power.
Anyone that votes Republican that is an average person in the USA, is a fucking idiot, because all they will get, or have gotten, is a dick up their asses as a result of Republican policies.
Yea, that's right Trump voters, your suckers that have fucked yourselves, and unfortunately in the process you fucked me and my family, and most of the world in the process.
