Bernie Sanders, the Tax Cut, The Deficit and Medicare

Bernie Sanders, the Tax Cut, The Deficit and Medicare October 23, 2018

Bernie Sanders can see into the future. He predicted exactly what is happening.

Watch this. It is a facebook video that I cannot find on YouTube, but turn off your facebook blockers and check the prescience.

Bernie Sanders Prediction on GOP Tax Cuts Came True

Bernie Sanders' prediction about the GOP tax cuts already came true

Posted by NowThis Politics on Friday, October 19, 2018

Republicans, once fiscal conservatives, used to attack Democrats on their spending. The hilarious hypocrisy is pretty hilarious:

Here, Politico report:

The U.S. deficit widened in fiscal 2018 to $779 billion, which is $113 billion more than the previous year, according to the Treasury’s widely anticipated yearly report.

Budget chief Mick Mulvaney, the White House’s best known deficit hawk, blamed the rising tide of red ink on Congress’ appetite for more spending this year — but he ignored the costly package of tax breaks that passed exclusively with Republican votes this year.

The Office of Management and Budget director argued that the supercharged economy would eventually bring in enough government revenue to make up the difference, without providing specific details.

“The president is very much aware of the realities presented by our national debt,” Mulvaney said, pointing fingers at Congress’ “continual unwillingness to restrain spending,” including lawmakers’ rejection of the administration’s first major attempt at spending cuts this summer.

Of course, when it was higher in 2012, it was a result of the Great Depression. But now, Trump is heralding boom time. He has ramped up military spending as well as in other areas, although there is also the huge amount of disaster relief that has had to take place. The problem is that the Republicans will now use this deficit scenario as an ideological excuse to strip away much-needed welfare for the least fortunate in society. You know, the meek, humble and put-upon. The sort Jesus would be looking out for. The Republicans, on the other hand, look out for their own – the elite, rich, privileged. You know… Trump sorts.

As you can see from the video, Mitch McConnell has his eyes set on those welfare programmes offering healthcare for the neediest.

Here, it is reported:

Independent analyses have found the tax cuts have caused the deficit to balloon faster than predicted. In an interview with Bloomberg News on Tuesday, however, McConnell rejected that argument.

Citing federal spending on healthcare and retirement benefits such as Medicare, Medicaid and social security, McConnell said changes to such programs would require cooperation from Democrats.

“It’s disappointing but it’s not a Republican problem,” McConnell said. “It’s a bipartisan problem: unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics of America in the future.”

Three weeks remain until the midterm elections, in which the Democrats seem poised to take back the House if not the Senate. McConnell suggested that might drive reform.

“I think it’s pretty safe to say that entitlement changes, which is the real driver of the debt by any objective standard, may well be difficult, if not impossible, to achieve when you have unified government,” McConnell said.

According to the treasury, the deficit has grown to its highest level since 2012. Republicans have long campaigned on cutting the deficit but McConnell was among those who insisted that the $1.5tn tax cut signed into law by Donald Trump would stimulate economic growth to offset its cost.

That argument was undercut by Monday’s report, which found the federal deficit had increased by 17% compared with the previous fiscal year.

Bernie Sanders isn’t stupid.

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