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- Mar 16, 2010
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The GOP Tax Bill: A Stealth Attack On Medicare And Social Security
The GOP Tax Bill: A Stealth Attack On Medicare And Social Security
People pay into these programs over decades to have them when they're old. What do the republicans want to do? Cut them and throw them on the street. I feel this is sad.
Last night Chris Hayes ended "All In" with a discussion of the GOP Tax Plan. Economists David Cay Johnston and Stephanie Kelton agreed that if Republicans get their long-awaited wish and this budget-busting tax plan is enacted, the huge deficits it will create might not lead to the promised "growth" Steve Mnuchin insists will result.
What happens if Steve Mnuchin is wrong? Austerity budgets that cut into the heart of the biggest programs paid for out of the federal budget: Social Security and Medicare.
CHRIS HAYES: They are pushing this through before they can model out what the effects are. [Hayes reads this tweet.]
The GOP Tax Bill: A Stealth Attack On Medicare And Social Security
People pay into these programs over decades to have them when they're old. What do the republicans want to do? Cut them and throw them on the street. I feel this is sad.