Why are the current budget cuts considered high risk and low reward?
The current budget cuts are considered high risk and low reward because they won't make a substantial impact on reducing the deficit or paying for Trump's proposed tax cuts. According to the analysis, these cuts fail to address the major drivers of national debt, which are defense spending, Medicare, Medicaid, Social Security, and interest on the debt—comprising 85% of the federal budget. Instead of targeting these significant expenditures, the administration is focusing on relatively minor areas, creating risk for vulnerable populations while producing minimal financial benefit. The deficit reduction achieved through these cuts doesn't even come close to covering the daily interest payments incurred from tax cuts, making the strategy economically ineffective while potentially harming essential services.
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Mara Gay Critiques Current Budget Balancing Approaches
MSNBC·8 months ago