There was a really nice budget breakdown by Senator Sheldon Whitehouse, he printed it all up on giant cards and showed it on the floor, I wish I could find it again.
Basically, the Republican tax cuts from three months ago alone account for a 10 year increase of 4.6 Trillion in added deficit, raise to 5.5 when you consider the federal government has to take out loans, and if the new budget goes through that goes up again to over 7 Trillion. Now, that gets offset by about… nothing, because DOGE only managed to cut federal employees whom in total including congress only account for 4.3% of the budget, and at the same time it disrupted operations which generated revenue when Trump cut over 200 government programs earlier in the year and also cut IRS staff and funding which by the IRS own estimate will cost an additional 500Bn loss in revenue THIS YEAR.
Now, the big pieces of meat that make up the majority of the budget are:
Mandatory Spending $4.1 Trillion: Social Security, Medicare, Medicaid, Income Security, and Other security including Civillian and Millitary Retirement Benefits
Discretionary Spending of $1.8 Trillion: Nondefense spending such as Veterans Benefits, Education, Transportation, and certain income security programs
And then add on a Net Interest from Loans the government has taken out to extend government operations of $881 Billion Dollars
So you can’t cut social security, you can’t cut medicare, you can’t cut medicaid, and you can’t cut defense. Where the fuck does the savings come from? The answer is it doesn’t. The Trump admin is bankrupting the federal government by giving out the biggest tax breaks in the history of the nation, and that’s the end of it.
They absolutely want to be “forced” by the national debt crisis to privatize social security so they can funnel all that money that gets spent on it into Wall St speculation. That’s been the dream of the Republicans for decades.
They have already cut Medicaid in the last budget they passed. And, because the last budget also violated the PAYGO rule, because it did not pay for increased expenditures with increased taxes or cuts in other area, they may well have already cut Medicare.
If legislation does not pay for increases in mandatory spending or cuts in tax revenues, the cumulative amount of the projected increase in the deficit is averaged over two periods—5 years and 10 years. (Budget imbalances in the current budget year are included so in practice, the averaging is over 6 and 11 years.) The president is then supposed to sequester (i.e., withhold) enough funding from mandatory programs to offset that deficit increase.
The CBO has calculated that Medicare will be cut by $536 billion over the next decade due to sequestration of funds required by the PAYCO Act of 2010. To keep these cuts from going into effect, the GOP controlled Congress must pass a budget bill that pays for all the increased spending in Trump’s Big Bullshit Bill or a bill that waves the required sequestration of funds that will go into effect early next year.
Yeah, I mean he literally can cut those things, but I meant they can’t do that as in it’s a terrible idea because old white people will rise up against them.
…it’s a terrible idea because old white people will rise up against them.
The thing is, they did it. It’s done. They apparently don’t care about the old white people anymore because they don’t seem to think they have to worry about elections anymore.
There was a really nice budget breakdown by Senator Sheldon Whitehouse, he printed it all up on giant cards and showed it on the floor, I wish I could find it again.
Basically, the Republican tax cuts from three months ago alone account for a 10 year increase of 4.6 Trillion in added deficit, raise to 5.5 when you consider the federal government has to take out loans, and if the new budget goes through that goes up again to over 7 Trillion. Now, that gets offset by about… nothing, because DOGE only managed to cut federal employees whom in total including congress only account for 4.3% of the budget, and at the same time it disrupted operations which generated revenue when Trump cut over 200 government programs earlier in the year and also cut IRS staff and funding which by the IRS own estimate will cost an additional 500Bn loss in revenue THIS YEAR.
Now, the big pieces of meat that make up the majority of the budget are:
Mandatory Spending $4.1 Trillion: Social Security, Medicare, Medicaid, Income Security, and Other security including Civillian and Millitary Retirement Benefits
Discretionary Spending of $1.8 Trillion: Nondefense spending such as Veterans Benefits, Education, Transportation, and certain income security programs
And then add on a Net Interest from Loans the government has taken out to extend government operations of $881 Billion Dollars
So you can’t cut social security, you can’t cut medicare, you can’t cut medicaid, and you can’t cut defense. Where the fuck does the savings come from? The answer is it doesn’t. The Trump admin is bankrupting the federal government by giving out the biggest tax breaks in the history of the nation, and that’s the end of it.
They absolutely want to be “forced” by the national debt crisis to privatize social security so they can funnel all that money that gets spent on it into Wall St speculation. That’s been the dream of the Republicans for decades.
Right on schedule: while Gen X starts to retire. It’s not like you’ve spent your whole life paying into it or anything.
They have already cut Medicaid in the last budget they passed. And, because the last budget also violated the PAYGO rule, because it did not pay for increased expenditures with increased taxes or cuts in other area, they may well have already cut Medicare.
The CBO has calculated that Medicare will be cut by $536 billion over the next decade due to sequestration of funds required by the PAYCO Act of 2010. To keep these cuts from going into effect, the GOP controlled Congress must pass a budget bill that pays for all the increased spending in Trump’s Big Bullshit Bill or a bill that waves the required sequestration of funds that will go into effect early next year.
Yeah, I mean he literally can cut those things, but I meant they can’t do that as in it’s a terrible idea because old white people will rise up against them.
The thing is, they did it. It’s done. They apparently don’t care about the old white people anymore because they don’t seem to think they have to worry about elections anymore.
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