Mnuchin: Zero Cuts To Entitlements In New Budget

LISTEN TO TLR’S LATEST PODCAST:

By Robert Donachie

Treasury Secretary Steven Mnuchin promised Sunday that President Donald Trump’s first budget proposal will not include cuts to major entitlement programs, like Social Security and Medicare.

If Mnuchin’s comments are correct, the president would be making good on his campaign promise to not make cuts to Social Security, Medicare, and Medicaid. The president is expected to preview aspects of the budget proposal in his Tuesday address to Congress.

One of Trump’s chief campaign platforms was to massively deregulate the economy and lower the tax burdens on millions of Americans. By not making significant cuts to Social Security and Medicare, the president could miss out on a prime opportunity to boost the American economy, Romina Boccia, a leading fiscal and economic expert at The Heritage Foundation, tells The Daily Caller News Foundation.

The key to controlling federal spending and curbing the federal debt over the long-term is through making “major reforms to the biggest entitlement programs like Social Security and Medicare,” Boccia explains to TheDCNF. These reforms necessary not only to get federal spending under control, but to “stabilize and sustain those very programs.”

Boccia points out that the majority of Americans realize there is a great deal of waste in government, in the forms of “improper spending and corporate welfare,” and they simply want to “see it cut.”