Today in the new Republican economic populism
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Trump: damn right I will cut Medicare, Medicaid, and Social Security:
Former President Trump entertained the possibility of cutting Social Security and Medicare on Monday, prompting a rebuke from President Joe Biden.
During an interview on CNBC’s “Squawk Box,” Trump was asked how he’d address the cost of the entitlement programs and their impact on the national debt. Economists in both parties have long warned both programs aren’t on a sustainable financial trajectory, and face long-term funding shortfalls that eventually lead to benefit cuts for retirees if Congress doesn’t step in.
“First of all, there is a lot you can do in terms of entitlements, in terms of cutting, and in terms of, also, the theft and bad management of entitlements,” Trump responded “Tremendous bad management of entitlements. There’s tremendous amounts of things and numbers of things you can do.”
And as for the subsequent claims that he’s just advocating for cutting wastefraudandabuse, that’s what Republicans always say when they want to cut programs. (The biggest wastefraudandabuse is money going to Those People, of course.) Trumpnomics is just Ryanomics with more rube-running.