President Trump released his budget proposal today for 2021 through 2030.
And just like last year (and the year before) Democrats and the main stream media are screaming about how he is planning to slash Medicare and Medicaid.
Newsweek’s headline: MEDICARE, MEDICAID, SOCIAL SECURITY: TRUMP’S PROPOSED BUDGET SLASHES ENTITLEMENTS—AND CAMPAIGN PROMISES
“TRUMP’S NEW BUDGET PROPOSAL SLASHES MEDICAID, MEDICARE,” states Vanity Fair.
Meanwhile, NBC News reports:
Joe Biden, said it “eviscerates Medicare,” while top Senate Democrat Chuck Schumer of New York said Trump is planning to ”rip away health care from millions of Americans” with cuts to Medicare and the Medicaid health program for the poor.
What’s the real story?
Under President Trump’s budget, Medicare spending in 2030 would be almost 200% of 2019 spending while Medicaid would approach 150% of 2019 levels. How can any rational person describe that as a slashing. Sounds like fake news.
Without any changes by President Trump, interest on the debt in 2030 would be more than double the 2019 payment of $409 billion and would alone eclipse Federal Medicaid spending. Does that sound sustainable?
The real headline should be that President Trump is taking steps towards a desparately needed balanced budget.