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Thread: A Nice Second term Project

  1. #1
    I Am Rocking Now

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    Default A Nice Second term Project

    https://www.vanityfair.com/news/2019...d-term-project

    Trump Has Told Friends That Gutting Medicare Could Be a Fun “Second-Term Project”

    Republicans want Trump to deal with the exploding deficit by gutting the social safety net, and the president is reportedly receptive to the idea.


    When Donald Trump was running for president, he boldly proclaimed that he would not only balance the budget, he would eliminate the entire national debt, which at the time was approximately $19 trillion. That, of course, was about as likely to happen as Don Jr. going vegan or Ivanka publicly admitting that her father is a sick individual who needs help. Instead, President Trump has pushed the federal deficit to new heights thanks to a tax cut that did not, in fact, “pay for itself,” and a trade war that has turned out to be neither “good” nor “easy to win.”

    On Wednesday, the Congressional Budget Office said that the federal deficit will reach $960 billion for the 2019 fiscal year, which ends September 30, and breach the $1 trillion mark in 2020. Previously those figures w

    ere expected to come in at $896 billion and $892 billion, respectively, but the damage from the president’s tariffs, along with a sharp falloff in revenue thanks to the 2017 tax cuts, have caused deficit projections to rise faster than expected. Incredibly, this is all happening against the backdrop of the longest economic expansion on record and the lowest jobless rate in 50 years, conditions that typically cause the budget deficit to shrink. And under the continued tutelage of Donald Trump, the New York Times reports, things are only expected to get worse:

    While Republicans do not expect Trump to push for cuts while campaigning for reelection, they’ve apparently encouraged him to do so should he win a second term—a proposition to which President “I’m not going to cut Social Security, I’m not going to cut Medicare” has reportedly been receptive. “We’ve got to fix that,” Senator John Thune, the number two Republican in the Senate, told the Times. “It’s going to take presidential leadership to do that, and it’s going to take courage by the Congress to make some hard votes. We can’t keep kicking the can down the road. I hope in a second term, he is interested,” Thune said of Trump. “With his leadership, I think we could start dealing with that crisis. And it is a crisis.” Republicans, said Senator John Barrasso, who seems to regularly chat with the president, have “brought it up with President Trump, who has talked about it being a second-term project.”

    Not. Surprised. At. All.
    Last edited by 222lifer; 4 Weeks Ago at 09:51 PM.
    ABFwife likes this.

  2. #2
    Steward

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    Default Re: A Nice Second term Project


  3. #3
    Taking A Stand!!!

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    Default Re: A Nice Second term Project

    I just don't have words anymore. It is so disheartening to watch the news, to post on this site. It's enough to make you want to stick your head in the sand and live in la la land!
    fxstc07 likes this.

 

 

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