|
|
"A comprehensive, collaborative elections resource."
|
McConnell Blames Entitlements, Not GOP, for Rising Deficits
|
|---|
| Parent(s) |
Issue
|
| Contributor | RP |
| Last Edited | RP Oct 16, 2018 11:57am |
| Logged |
0
|
| Category | Statement |
| Author | Steven T. Dennis |
| News Date | Tuesday, October 16, 2018 04:15:00 PM UTC0:0 |
| Description | Senate Majority Leader Mitch McConnell on Tuesday blamed rising federal deficits and debt on a bipartisan unwillingness to contain spending on Medicare, Medicaid and Social Security, and said he sees little chance of a major deficit reduction deal while Republicans control Congress and the White House.
"It’s disappointing but it’s not a Republican problem," McConnell said in an interview with Bloomberg News when asked about the rising deficits and debt. "It’s a bipartisan problem: Unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics of America in the future."
McConnell’s remarks came a day after the Treasury Department said the U.S. budget deficit grew to $779 billion in Donald Trump’s first full fiscal year as president, the result of the GOP’s tax cuts, bipartisan spending increases and rising interest payments on the national debt. That’s a 77 percent increase from the $439 billion deficit in fiscal 2015, when McConnell became majority leader. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
