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Pubs looking to trim Medicaid, Food Stamps, etc. to fund Trump Tax Cuts.

Discussion in 'Too Hot for Swamp Gas' started by GatorJMDZ, Nov 21, 2024 at 7:03 AM.

  1. GatorJMDZ

    GatorJMDZ gatorjack VIP Member

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    Well, if you didn't see cuts to safety net programs coming, you weren't paying attention. I mean someone needs to pay for those private jets for his donors, why not the poor, the hungry and the seriously ill.

    "President-elect Donald Trump’s economic advisers and congressional Republicans have begun preliminary discussions about making significant changes to Medicaid, food stamps and other federal safety net programs to offset the enormous cost of extending Trump’s 2017 tax cuts next year."

    "Among the options under discussion by GOP lawmakers and aides are new work requirements and spending caps for the programs, according to seven people familiar with the talks, many of whom spoke on the condition of anonymity because they were not authorized to speak publicly. Those conversations have included some economic officials on Trump’s transition team, the people said."

    "House Budget Committee Chairman Jodey Arrington (R-Texas) told reporters Wednesday that a “responsible and reasonable work requirement” for Medicaid benefits resembling the one that already exists for food stamps could yield about $100 billion in savings. He also said another $160 billion in reduced costs could come from checking Medicaid eligibility more than once per year."

    https://www.washingtonpost.com/business/2024/11/18/gop-targets-medicaid-food-stamps/

    Extending Trump's tax cuts is estimated to increase the deficit by $4 trillion dollars over the next 10 years. These cuts are a way to offset some of that increase. While Medicaid is administered by the states, it is heavily subsidized by the states. They are looking to cut Medicaid by $500 billion dollars.

    If you receive these benefits and voted for Trump, you literally bit and chewed off the hand that feeds you. My advice to those Trump voters? Deal with it. Just like we are going to have to deal with the consequences of your vote.
     
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  2. slocala

    slocala VIP Member

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    Painful. SNAP and feeding kids is such an important program. It’s too bad that kids who had no choice of their parent’s economics will be burdened with hunger.

    Likely a growth in private foundations to feed kids. It is going to be bumpy.
     
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  3. gatorpa

    gatorpa GC Hall of Fame

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    We have a spending problem, not a revenue problem.

    Federal budget ballooned during covid and never retreated. Biden just kept increasing it.

    Go look at Federal Budget from 2018-2023.

    Government NEVER cuts back on spending once it increases. Never.

    The answer is always we need more money and we need it to give you guys more stuff..
     
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  4. ajoseph

    ajoseph Premium Member

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    I think these types of cuts are just the beginning. We’ve all pointed out the massive deficit. Something needs to be done. Trump has decided he will address the budget through cutbacks—painful and meaningful cutbacks to those in real need. Conversely, there will also be tax breaks to those who are high-income producing.

    Voters will decide whether this strategy works for them in 2 years.
     
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  5. jhenderson251

    jhenderson251 Premium Member

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    While you're not wrong, cutting support for the poor and for children to fund tax cuts for the most wealthy is not fiscal responsibility.
     
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  6. citygator

    citygator VIP Member

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    I am very excited to enjoy my tax breaks and increased dollar value from lower deficits at the expense of the needy. It is what they voted for so who am I to not enjoy their wishes?
     
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  7. citygator

    citygator VIP Member

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    Government spending as a percent of GDP is pretty flat. Now, entitlements are up... and it is ALL healthcare.

    upload_2024-11-21_8-42-41.png
     
    Last edited: Nov 21, 2024 at 8:51 AM
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  8. BLING

    BLING GC Hall of Fame

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    Federal spending did actually decline after COVID. By nearly $700B from ‘21 to ‘23.

    U.S. government - Outlays 2029 | Statista

    Although it’s fair to say there was a “step up” in the trend line. Not sure how much that is COVID related spending that stuck around, vs the fact a long overdue infrastructure bill was passed and other domestic subsidy stuff like the Chips ACT. The reality is ‘probably a bit of both’.
     
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  9. Trickster

    Trickster VIP Member

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    Aren't the Trump tax cuts a form of spending, beneficial to only an extremely few? And what kind of society are we that takes from the "least among us" for the benefit of the "money changers"?
     
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  10. PITBOSS

    PITBOSS GC Hall of Fame

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    You mention “you guys” but I doubt many here use snap.

    And per op, “more stuff” is ongoing food and medicine to help the poor and their children.
     
    Last edited: Nov 21, 2024 at 9:52 AM
  11. VAg8r1

    VAg8r1 GC Hall of Fame

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    A good part of the increase in federal spending has been driven been demographics not by irresponsible decisions on the part of the administration or Congress. Medicare, Medicaid and Social Security combined represent close to 60% of the budget. More and more "boomers" are becoming eligible. Even if it were possible to hold the level of benefits per recipient constant spending for those programs would increase. Even more so than the total number of eligible recipients is the increasing age of recipients. Although they represent a relatively small percentage of total Medicare recipients, recipients over the age of 85 represent a disproportionate share of Medicare expenditures and that cohort is increasing at an even greater rate than total number of Medicare recipients. Similarly, roughly 35% of Medicaid expenditures are for indigent elderly in nursing homes.
    upload_2024-11-21_9-27-25.gif
     
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  12. demosthenes

    demosthenes Premium Member

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    Thought we would see some kind of decrease or blip on the trendline due to COVID’s disparate impact on the elderly.
     
  13. FutureGatorMom

    FutureGatorMom Premium Member

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    I'm not opposed to some of this. But NOT to be used to pay for a tax cut for the rich. Clinton mandated the job idea, and I agreed with that. Hand up not a hand out.
     
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  14. GatorJMDZ

    GatorJMDZ gatorjack VIP Member

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    Tax cuts for the wealthy create revenue problems, any tax cut does as you just cut your revenue. That one's pretty damn basic.
     
  15. g8trjax

    g8trjax GC Hall of Fame

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    I think the doge is there to shine some light on the crazy shit we waste money on, it's all just talk until congress pulls the trigger one way or the other...should be fun to watch.
     
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  16. ajoseph

    ajoseph Premium Member

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    I’m interested to see the report. The fat we pay for needs to be exposed. I’d prefer that we get a politically neutral report (like from a Big 3 Accounting audit/study), because everything Elon and Vivek say will be scrutinized as politically motivated. But I’m looking forward to exposing waste. It’s time.
     
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  17. dangolegators

    dangolegators GC Hall of Fame

    Apr 26, 2007
    It's not going to be lower deficits though. The spending cuts for the needy will be offset by spending increases elsewhere and by lower revenues due to all the tax cuts.
     
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  18. gatorpa

    gatorpa GC Hall of Fame

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    Letting people keep more of their money is only “spending” if you think that the Gov has every right to every penny you earn.
     
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  19. g8orbill

    g8orbill Old Gator Moderator Premium Member VIP Member

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    Are you talking about the tax cuts that joey kept? Instead of getting all up in arms why don't you just wait and see what really happens after he is inaugurated instead of getting all worked up over something that you do not even know if it will happen!
     
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  20. gator_jo

    gator_jo GC Hall of Fame

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    I rated this post 'agree'. Because Trump actually follows through on very few of his campaign promises bullshi'ite..




    Former President Donald Trump said if reelected he would end the war in Ukraine before his inauguration because he is respected by Ukraine and Russia’s leaders.

    “That is a war that’s dying to be settled. I will get it settled before I even become president,” the Republican said during his debate with Vice President Kamala Harris on Tuesday. If I win, when I’m president-elect and what I’ll do is I’ll speak to one, I’ll speak to the other, I’ll get them together.”