Republicans Promised to Cut the Deficit. It’s Only Getting Worse

Bloomberg (03/29/2018)
  • The Republican-controlled Congress recently approved an additional $1.3 trillion in federal spending towards daily operations.
  • Increases in military (conservatives) and domestic programs (liberals) spending as well as Trump’s recent tax cuts will increase debt.
  • Social Security, Medicare (healthcare for elderly) and Medicaid (healthcare for poor) that cost $2.5 trillion in 2017 ( 63% of federal budget) is forecast to rise to $4.3 trillion by 2027.
  • Republican attempts to cut Medicaid and food stamps failed.