*Paul Ryan pulls a quarter out from behind my ear*
ME: “Is that supposed to be a magic trick?”
RYAN: “That’s the magic of your tax cut!”
ME: “That’s fucking it?”
RYAN: “Now, watch me make Medicaid disappear!”
— Sam Grittner (@SamGrittner) February 3, 2018
It was another crazy news week, so it’s understandable if you missed a small but important announcement from the Treasury Department: The federal government is on track to borrow nearly $1 trillion this fiscal year — Trump’s first full year in charge of the budget.
That’s almost double what the government borrowed in fiscal year 2017.
Here are the exact figures: The U.S. Treasury expects to borrow $955 billion this fiscal year, according to a documents released Wednesday. It’s the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year.
Treasury mainly attributed the increase to the “fiscal outlook.” The Congressional Budget Office was more blunt. In a report this week, the CBO said tax receipts are going to be lower because of the new tax law.
And we all know what that means- we will suddenly become (and by we, I mean the Republicans and the media) with the debt and deficit, so something will have to be done. That something will not be getting rid of the newly enacted tax cut, the proximate cause of this mess:
Welfare hardly exists anymore in the United States. Yet in his ever-persistent war on the poor, Paul Ryan is pushing a proposal that “could include work requirements for welfare beneficiaries,” as Politico reports. And to do so, Ryan and other Republicans are trying out a shiny new rebrand.
According to Politico, at a GOP retreat, “Ryan urged congressional Republicans to tackle ‘workforce development.’ He messaged the somewhat amorphous phrase as a matter of ‘helping people[.]’” House Republican Study Committee Chairman Mark Walker followed a similar tack, saying, “If you really want someone to get out there and find fulfillment… even though you’ve got to get the framing or the phrasing right, wouldn’t you want to see that person excel?” and that “When we talk about ‘Medicaid reform,’ that’s not a great buzz phrase.”
The exact details of Ryan’s plans are not clear (after all, Temporary Assistance for Needy Families, the current version of welfare, already imposes strict work requirements), but he has consistently advocated for cuts to programs like Social Security, Medicare, and food stamps. And Donald Trump has already opened the door on tampering with Medicaid, allowing states to impose work requirements for the first time in the program’s 50-year history.
Winning the House and putting a dent in the Senate are national priorities.