Paul Ryan Admits GOP Will Cut Medicare, Medicaid To Pay For Wealthy Tax Cuts
House Speaker Paul Ryan admitted that House Republicans are going to cut Medicare, Medicaid and welfare programs in 2028 to cut the federal deficit.
The federal deficit will increase by an estimated $1 trillion thanks to the GOP tax reform bill that provides large tax cuts for the wealthy, notes The Hill.
Ryan made his announcement of Ross Kaminsky’s talk radio show:
We’re going to have to get back next year at entitlement reform, which is how you tackle the debt and the deficit.
While ignoring how the GOP tax bill will increase the deficit, Ryan claimed that Medicare and Medicaid “are the big drivers of debt, So we spend more time on the health-care entitlements, because that’s really where the problem lies, fiscally speaking.”
Ryan said he’s been speaking privately with President Donald Trump about cutting health care for the elderly, poor and disabled:
I think the president is understanding choice and competition works everywhere, especially in Medicare.
Contrary’s to Ryan’s claims, market competition in the U.S. has actually driven up health care prices for decades.
The U.S. spends more on health care than any country, but ranks 12th in life expectancy among the 12 wealthiest industrialized countries, according to the Kaiser Family Foundation.
Ryan also mentioned that he wants to work on changing the welfare system for the poor, but not for the wealthy who benefit from corporate welfare and tax breaks such as the GOP tax reform bill.
Ryan also parroted a longtime false GOP claim that welfare somehow traps poor people in poverty:
We have a welfare system that’s trapping people in poverty and effectively paying people not to work. We’ve got to work on that.