Source: — Compiled by Peter G. Peterson Foundation
GOP's Platform for Deficit Reduction
(Soc.Sec., Medicare, Medicaid, et al)
Leave it up the GOP solve budget and deficit and spending problems, right? Yeah, like returning to old stomping grounds: Blame and then cut entitlement programs (i.e., Social Security, Medicare, and Medicaid – the biggies for them).
· On October 16, Senate Majority Leader Mitch McConnell (R-KY) called on Congress to rein in government programs like Medicare, Medicaid, and Social Security in order to slow America's increasing national debt and thus cut the blooming deficit.
· He called the debt disturbing, and said it's driven by those three entitlement programs (he didn’t mention the tax cut that the Congress passed that has contributed to the debt increase).
· The nonpartisan CBO projects that the GOP tax cuts would add $1.9 trillion to the national debt over the next decade.
McConnell further says: “It’s disappointing but it’s not a Republican problem.”