Page 44 - Entitlement Programs News Today

They literally believe if you are not rich, you blew your money on booze and women. american workers are hearing that all over the country right now, and it sounds a lot like that moment in the obamacare repeal fight where they were like if you cant afford health care, just maybe skip on a new iphone. they have no idea. and thats going to make people mad. >> bruce, this is what i thought was interesting. so much of this has been bait and switch. you can design a tax cut that, say, primarily bene...

>> i dont think theyve really been very secretive about this. ive been writing about it for weeks. all republicans believe in something called starve the beast. they want to slash what are called entitlement programs which i are mostly social security and medicare, and they dont think they can get the political support to do it unless they have a deficit. >> right. >> that is so large that they have no choice. and this has been obvious for a long time. this is just part one of a two-step process...

Hold me to, if in fact they come back as next year, as theyre suggesting and try to cut entitlement programs, retirement programs to help offset the cost of this bill -- first of all, its a political risk -- but if they do it they will phase in the cuts that almost all of the baby boomers have retired before they go into effect. you could end up with younger generations paying off the tax bill and having their own retirement trenched. there are big generational implications to this that go to th...

About entitlement programs or growth? >> i think both sides need to get serious and they need to be more honest in their presentation of what this tax cut represents. theres a reason that the number one trending item all of last night was #gop tax cuts, theres a real concerns that people have been bamboozled and we have ceos, even when diane feinstein gave senators an option to say all of the breaks youre going to give, what stockholders are going to get and pay increases and guess what, every s...

Secondly, marco rubio basically gave away the game, which is something republicans have been doing for 40 years, which is called starve the beast. they believe that the only way they can cut entitlement programs, which of course are very, very popular, is to create a deficit so large that there is absolutely no other choice. the real tragedy is that when democrats regain control of congress and maybe the white house, they will have to do the dirty work. >> wow. bruce bartlett, sobering news this...

Across the finish line. where the bill stands right now. >> reporter: the senate will be back at it, there is a sense of urgency because of the unrelenting keller and all eyes on december 25th, christmas of course and the presidents self-imposed deadline to get this done. there has been a fair amount of drama on the senate floor including this exchange where bernie sanders accused republicans of trying to cut entitlement programs. >> i am not going to support any cuts to people on the program. >...

>> republicans seem confident they can get this done. democrats will try to block this every step of the way leading to a heated exchange after bernie sanders accused republicans of trying to cut entitlement programs. >> i am not going to support any cuts to people who are on the program. >> there it is, reclaiming -- >> we need this program for the next generation. >> reporter: we may see progress later today is the senate get back to work. one thing to keep in mind if this passes the senate it...

Democrats hands for a long time to come into deficit reduction which, lets face it, is not popular. >> let me just ask you this. are you still a republican? >> no, i consider myself to be an independent, but i still consider myself to be a conservative contrary to popular belief. >> whats a conservative to do? what is a -- how is a conservative to think of this tax bill? the reason i ask you this is because these fiscal deficit hawks seem to disappear when were having this conversation about cor...

Cut spending, most importantly reform entitlement programs, and grow the economy. you cannot get the national debt under control, you cannot get that deficit under control if you dont do both. grow the economy, cut spending. this grows the economy. weve got a lot of work to do and cutting spending. budget we passed in the house is a great budget, most conservative with our past, it felt like $7.4 trillion in spending. weve got more work to do to get those things beyond just passing the house. we...

This a loud wake up call for everyone in washington that they want washington to ledge us late this why we have to get tax reform done. >> maria: when you look at whats gone on in terms of the spending side of the story half a trillion dollars over spending in the 18 budget, obviously at some point somethings got to give. youve got these entitlement programs going broke in the next 12 years. when does the debt become a priority? i know your priority right now is growth but when does the $20 tril...