Friday, February 28, 2025

SNAP and Medicaid Cuts

 First of all, let's understand that these cuts WILL NOT lead to a reduction in the deficit or the debt because they will be more than offset by $4.5 trillion in tax cuts which the COMMITTEE ON WAYS AND MEANS has been instructed to implement. 

The GOP framework itself estimates about a $2 trillion deficit for each year which will raise the debt to about $55 trillion. This is NOT about reducing the debt or balancing the budget. It's about giving tax cuts to people who already have more money than they know what to do it. Elon Musk, if these tax cuts are implemented, will make more in saved taxes next year than any of us will earn in our lifetimes.

The GOP is playing a bit of a game here. The framework passed by the GOP doesn't specifically say that Medicaid and SNAP should be cut. What it does do is instruct the committees responsible for these programs to make cuts. The COMMITTEE ON AGRICULTURE, which controls SNAP, is instructed to reduce the deficit (cut) by not less than $230 billion over 10 years. The COMMITTEE ON ENERGY AND COMMERCE, which controls Medicaid, is instructed to reduce the deficit (cut) by not less than $880 billion over 10 years. 

So about $23 billion and $88 billion a year respectively. The problem is it's hard to see how these cuts can be achieved without impacting SNAP and Medicaid. But that doesn't mean they won't try to gaslight the whole country about what they're actually doing.

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