newfie
Well-Known Member
Indeed . Many such programs are mandated by law to be fully funded. Every Trump budget calls for significant cuts to Medicare, Medicaid and other similar social programs but because they are mandated by law and require full funding the question is who and how will the funding shortfall be made up? The answer is obvious......The states will have to make it up by either raising state taxes or taking funding requirements and passing them down to guy at the bottom....county and local municipalities .
Right now the federal deficit for the fiscal year is running at about 4% of GDP and that's why you need the 4% GDP growth. However for the 2020 fiscal it's expected to exceed 5% of GDP. The percentages are now getting into the numbers
experienced during recessions when gross receipts were down and federal government dumping mountains of money into the economy in an effort to slow and hopefully stop the recession before asset values reached flat out zero and into a full blown depression from which escaping would be difficult if not impossible.
Given that we're borrowing at these levels at a time of growth you have to stop and think about what measures if any congress, the president and the Fed will have at their disposal to combat the next recession especially if it's at the levels experienced just a decade ago.[/QUOTE]
you two are being completely dishonest with how you're representing this alleged budget cut as proven by your own liberal fact check site.
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