Republicans have removed all doubt: When it comes to the federal deficit, the problem is Medicare and Social Security — not their own tax cuts for corporations and the wealthy.
Fresh off the news that the deficit is increasing under President Donald Trump, Senate Majority Leader Mitch McConnell told Bloomberg News that Congress should target Social Security and Medicare for cuts to address the growing federal debt.
The federal deficit grew by nearly $800 billion over the first fiscal year of Trump’s presidency, during which the Republican Congress passed a tax cut targeted mostly to corporations and the wealthy, which is projected to add more than $1 trillion to the deficit over the next 10 years.
The deficit is rising, so Republicans want to cut Social Security and Medicare
The GOP agenda is cutting corporate taxes while also cutting government benefits.
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