After attacking his rivals over the issue, Trump suggested he was open to cuts to Medicare and Social Security




Having opposed touching the entitlement programs and attacked his Republican rivals for the presidency over the issue, former President Donald Trump hinted on Monday that he was open to cutting Social Security and Medicare.

In order to address the national debt, was President Trump’s perspective on entitlement programs such as Social Security, Medicare, and Medicaid altered? This question was posed to him during a CNBC interview.

“There are numerous ways to address entitlements, including reducing, stealing, and improper management of benefits,” Trump stated on CNBC’s “Squawk Box.”. “.

“There are enormous amounts of things and numbers of things you can do,” he continued. “.

In response to a video clip his campaign had produced of Trump’s remarks, President Joe Biden said after the interview, “Not on my watch.”. “.

Later on, CNN was informed by Trump campaign spokesperson Karoline Leavitt that the president was “clearly talking about cutting waste, not entitlements.”. “.

“President Trump will continue to strongly protect Social Security and Medicare in his second term, as he delivered on his promise to protect them in his first term,” asserted Leavitt, adding that Joe Biden is the only contender who could jeopardize these programs. “.

“President Trump will expeditiously reconstruct the greatest economy in history and firmly establish Social Security and Medicare for future generations by unleashing American energy, cutting regulations that kill jobs, and enacting pro-growth America First tax and trade policies,” Leavitt stated.

Budget cuts to Social Security and Medicare, mostly through provider payment reductions, were part of the Trump administration’s proposed policies during his presidency. In 2020, Trump hinted during an interview with CNBC that he would consider slashing federal entitlement programs in order to lower the national debt.

Nonetheless, Trump has made it clear during this election cycle that he will “always defend Medicare and Social Security.” He even states in a video that is available on his website that Republicans should never vote to take even a small cut to Medicare or Social Security. “.

“At a rally in Michigan last month, we don’t have to mess around with Social Security and Medicare.”.

In addition, Trump publicly criticized Nikki Haley, a former GOP opponent, for her support of reforming these entitlement programs during the campaign. Haley advocated restricting the benefits received by wealthier Americans and raising the age at which today’s younger workers would be eligible for Social Security retirement benefits. Trump frequently disparaged Florida Gov. Ron DeSantis over his prior endorsement of privatizing Social Security and raising the retirement age, stances the governor abandoned during his unsuccessful presidential campaign.

The Biden administration has made an effort to draw attention to the differences between Republican proposals to address the financial gaps in Social Security and Medicare and the president’s support for these programs. Biden promised to thwart any attempts to reduce programs or raise the retirement age during his State of the Union speech last week.

According to the most recent Social Security trustees report, Social Security’s combined trust funds are expected to run out in 2034 if no changes are made, at which point the program’s ongoing tax revenue will only be able to pay for 80% of benefits due.

The most recent Medicare trustees’ annual report states that until 2031, Medicare’s hospital insurance trust fund, also known as Medicare Part A, will not be able to pay scheduled benefits in full. Medicare, which serves approximately 67 million elderly and disabled individuals, will only be able to pay for 89% of all scheduled benefits at that point.

According to the Congressional Budget Office, two factors that will drive the projected rise in deficits are the aging population and the growth in federal health care costs, which will require more spending on Social Security and Medicare.

Trump has shown a greater willingness to reduce Medicaid enrollment and federal funding for the program, which offers Americans with low incomes access to health coverage. The only state to briefly implement it before it was stopped in federal court was Arkansas, where thousands of people lost their health insurance as a result of his administration’s approval of requests from multiple states to make some enrollees work.

Reducing the growth rate of federal funding for Medicaid and sending a fixed amount to the states annually were two other measures Republicans sought to implement as part of their 2017 attempt to repeal and replace the Affordable Care Act. They also desired the repeal of the Obamacare program, which extends Medicaid coverage to adults with low incomes.

Trump offers commentary on TikTok.

Additionally, Trump claimed that eliminating TikTok would help Facebook in the Monday interview with CNBC, calling it a “tough decision” to decide whether or not to outlaw the app.

“What irritates me is that, in the absence of TikTok, Facebook’s reach is unrestricted. I view Facebook and many other media outlets as enemies of the people.” Trump continued, saying, “Facebook has had a negative impact on our nation, particularly for electoral outcomes.”. “.

Trump stated that he believed TikTok presented a risk to US national security, but he also noted that “you have that problem with Facebook and lots of other companies too” and that “a lot of people on TikTok love it.”. “.

According to Trump, there are both positive and negative aspects of TikTok.

His remarks coincide with the unanimous advancement of a bill by a House committee that may result in the countrywide prohibition of TikTok on all electronic devices. The bill, which passed the House Energy and Commerce Committee, would ban TikTok from US app stores unless the social media platform swiftly separates from ByteDance, its parent company with ties to China. One of the most widely used social media apps worldwide, TikTok is utilized by approximately 170 million Americans.

Trump backed calls to outlaw the app while he was president, but he now seems to have changed his mind. CNBC questioned Trump regarding his new stance on TikTok and whether it had anything to do with his recent meeting with Jeff Yass, a prominent Republican donor and TikTok investor.

Yass “never mentioned TikTok,” according to Trump, who claimed that he met with him and his wife for “a few minutes” and that they did not talk about TikTok. “.

According to Trump, Congress should determine whether TikTok should be prohibited during his administration.

According to Trump, “I was at a place where I could have finished it if I wanted to.”. It’s a difficult decision to make, so I kind of said, you guys decide, you make that decision. “.

“Tariffs are incredibly powerful.”.

In the interview on Monday, Trump added, “I’m a big believer in tariffs,” and stated that applying tariffs “gives you power in dealing with other countries.”. “.

Because they oppose tariffs, tariffs have a tremendously powerful effect in preventing wars. To be honest, I’m capable of making them and other nations cry out through the threat of tariffs. And we have zero restrictions on them if you don’t have tariffs,” Trump declared.

In a statement made last month, Trump stated that if he were to win the presidency again, he would think about putting a tariff of up to 60% on all goods from China.

In June 2018, while he was still president, Trump levied 25% tariffs on $50 billion worth of Chinese goods. Beijing retaliated with tariffs of its own, and so the situation deteriorated until 2020, when the two nations reached a consensus. The Trump-era tariffs have mainly been maintained by the Biden administration.

Leave a Reply

scroll to top