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House GOP Unveils Budget With Trillions in Cuts to Medicaid, Food Benefits, and More (www.commondreams.org)

submitted 1 year ago by [email protected] to c/[email protected]

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House Republicans unveiled a budget blueprint proposing trillions in spending cuts over 10 years, targeting steep reductions to Medicaid and food assistance programs. The plan seeks $2 trillion in Medicaid cuts and $800 billion from SNAP. It also calls for establishing a commission to propose changes to Social Security and Medicare. Democrats criticized the proposal as pushing "cruel cuts" that will hurt access to healthcare and raise costs for many. If enacted, the budget would slash nearly $5 trillion from discretionary spending and $9 trillion from mandatory programs over a decade. However, the proposal is unlikely to become law given Democratic control of the Senate. The resolution indicates Republicans remain committed to large cuts across many public services and low-income programs.

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[–] [email protected] 5 points 1 year ago* (last edited 1 year ago)

GDP isn’t the end-all be-all for economic performance. Consider that real estate also contributes to GDP, and we have been getting some fucking expensive housing in recent years. It doesn’t equate to more money, so it’s effectively padding our GDP. All GDP does is give a rough estimation of how much a country is valued at best, and at worst it’s a padding game to show who has the biggest number.

If you want a good indicator for how well a country is doing economically, CPI is a better start than GDP - which, by the way, China is fucking decimating the US in that regard. Their reported CPI is around 100 points while the US is at around 300 points. You generally want lower CPI as it indicates inflation if it’s super high like the US.