August 5, 2020

Trump admits he’ll cut entitlements like Medicare and Social Security on Fox News

Trump admits he'll cut entitlements like Medicare and Social Security on Fox News
Appearing on a Fox News town hall, Trump confirms he will cut entitlements.

Appearing on a Fox News tow hall, Trump blamed Obama for the skyrocketing national debt. After saying he prioritized inflating the military budget, he admitted he would make cuts to entitlements like Medicare, Medicaid, and Social Security.

At co-moderator Martha MacCallum’s suggestion, Trump admitted Republicans would cut entitlements.

“But if you don’t cut something in entitlements, you will never really deal with the debt,” Martha MacCallum suggested.

“Oh, we’ll be cutting,” Trump confirmed. “But we’re also going to have growth like you’ve never had before.”

Indeed, Mediaite noted that Trump’s 2020 budget proposes to slash Medicare, Medicaid, and Social Security. 

Officially, Trump has admitted to the strategy on his base’s favorite source for news, even though he campaigned on the promise he would not cut programs like Medicare.

From Politifact:

“Protecting Medicare was was one of Trump’s earliest campaign pledges. ‘Save Medicare, Medicaid and Social Security without cuts. Have to do it,’ he said in his presidential campaign announcement speech.”

Trump also repeated a long-standing claim Republicans have circulated since at least 2012.

 “Remember this, President Obama, he more than doubled, he put more debt on than all of the other presidents of the United States combined,” said Trump.

Republicans began circulating this claim in a chain e-mail in 2012, along with a graphic. Politifact noted the wording was a “largely inaccurate claim” and rated it “Mostly False” at the time. 

Importantly, Forbes reported that Obama inherited an economy entering a Great Recession from Bush. Nevertheless, Obama continually decreased the debt each fiscal year until Trump took office in 2017. Then, the debt rate went back up.

Rather than holding Obama accountable for all the debt, the highest percentage increase in federal debt numbers happened under President Reagan, at 184 percent over eight years.

Following Reagan, the two Bush presidencies continued to inflate the debt at a faster rate than Clinton. And, George W. Bush raised the debt by 93 percent while Obama raised it 78 percent amid the recession.

From Forbes:

“What the numbers show is that the total debt increased the most at 184 percent over eight years and at the fastest rate under President Reagan at almost 14 percent per year. In fact, the three Republican presidents had the fastest-growing debt on a yearly basis.”

Business Insider reported that Trump ballooned the national debt past $22 trillion for the first time on February 11, 2019. Notably, Trump promised to eliminate the federal debt in eight years, but instead, reached a historic level of debt in just over two years into office.

Now, after bloating the military and giving handouts to their rich friends via tax cuts, Republicans clearly want to slash the social safety net.


Featured image: Screenshot via YouTube

Social Share Buttons and Icons powered by Ultimatelysocial
error

Enjoy this blog? Please spread the word :)

%d bloggers like this: