in the Republican ``Beautiful For Billionaires'' bill that Senator Sanders was just referring to, there were a great many dirty tricks tucked in there to hurt people and make billionaires wealthier and happier and more free to pollute. Of all the dirty tricks in that bill, perhaps the trickiest was the one that was so hidden that it wasn't even mentioned in the bill, and that is, about a half-trillion dollars in cuts to Medicare. We have heard a lot about the trillion dollars in cuts to Medicaid. But without ever mentioning it, the Republican ``Beautiful For Billionaires'' bill will cut Medicare by half a trillion dollars, give or take. How does it do that? It does that by adding $4.1 trillion to the deficit--one bill, one act of Congress, $4.1 trillion piled on our national debt. There is another law that exists on the statute books of the United States of America, the Statutory Pay-As-You-Go Act. What does that do? It requires a look at bills that create enormous additions to our national debt. And to protect our fisc, it requires mandatory cuts to other accounts. That is supposed to discourage running up the debt by trillions in the first place, and it is supposed to remedy that defect with automatic cuts. Guess what is lined up for automatic cuts under the Statutory Pay-As- You-Go Act? Yep, Medicare.
Editor's note · Context
Discussing the implications of the Republican bill on Medicare and national debt.
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