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12-12-2016, 10:31 AM
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Quote:
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Originally Posted by Guest
If one would just take one minute and THINK about the unreality of such an accusation they would be embarassed to make or repeat such an improbable scenario....no matter the party or the person in office.
The talking points have gone from useless, nonsense to laughable desparation.
Very credibilty tarnishing yarnage!
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Well something has to give.....
"In other words, after his tax cuts, Medicaid cuts, and unspecified domestic discretionary program cuts, there’s still no room in the budget for Trump’s promised new spending on infrastructure, the military and veterans---unless, that is, he tackles entitlements or takes the nation even deeper into debt. (This is a long time theme for Steuerle, who has argued in such books as Dead Men Ruling that automatic spending on programs already written into law, combined with the aging of the baby boomers, has limited current politicians’ ability to invest in children, education, infrastructure and other programs essential to help the economy grow.)
So where does President-elect Trump stand on cuts to entitlements, other than the Medicaid cap he embraced during the campaign---the one that’s already built into Steuerle’s grim numbers? During the campaign, Trump promised to protect Social Security without cutting benefits, raising taxes, or raising the retirement age, suggesting a long term funding shortfall---starting in 2035, the tax dollars coming in will be enough to pay only 77% of benefits---could be solved simply by goosing the economy and cutting waste, fraud and abuse. Similarly, when it comes to Medicare, Trump has promised to protect benefits, but has offered no real ideas for curbing the growth of costs, other than allowing the program to negotiate with pharmaceutical companies,which Republicans have traditionally opposed.
Forbes Welcome
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