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41 sats \ 18 replies \ @kr OP 12h \ parent \ on: Tariffs Are The Norm, Income Tax Is The Experiment econ
I think the big assumption is that revenue must stay at 15-20% of GDP, tariffs won't cover that alone. But maybe a smaller government with less revenue is the direction the US is heading in.
Too early to know how Canada will react to the tariffs, I suspect things will just get more expensive in the coming months.
Obviously, I would love a smaller government that absorbs less revenue, but entitlement reform is the only way to make a real dent and that's not even being discussed.
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Defense is even more of a non-starter than entitlements, though.
The workforce reduction messages from the Trump administration have indicated that there will be increased military personnel.
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Agreed
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Medicaid is a handout not entitlement
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A distinction without a difference
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we need to stop using the word entitlement because no one is entitled to any government welfare program
Medicare
Social Security
Medicaid
Defense
Interest on debt
Not necessarily in this order
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We can make cuts in Medicaid. For instance stop covering pregnancies. I know Ron Paul delivered babies but Medicaid should not
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I'm on board for any reductions in any of these programs.
I haven't heard any serious proposals to do so, though.
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politically, Medicaid is easiest to cut
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Sort of. It might get replaced by a Medicare for All disaster, but I don't see doing away with government provided health care for the poor.
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vs senior citizens?
The poor have the least political influence
Medicare for all will never happen or it will happen for 6 months and the medical system will collapse