Report: House GOP eyes $2.5 trillion in spending cuts — Social Security, Medicare at risk

House Republicans on Friday presented a proposal during a closed-door meeting to implement President-elect Donald Trump’s directive to raise the debt ceiling. The plan proposes increasing the limit on debt by $1.5 trillion, followed by cutting “net mandatory spending” by $2.5 trillion, according to a report from Punchbowl News co-founder Joe Sherman.

Mandatory spending consists largely of programs including Social Security, Medicare, and Medicaid, which the government by law is required to fund. These programs are often referred to as “entitlements.” It also includes spending on interest on the national debt, according to the Government Accountability Office (GAO), and programs like SNAP, the Supplemental Nutrition Assistance Program that helps feed over 40 million participants — including families — each month.

Sherman reported Friday afternoon, amid the impending government shutdown crisis, that “IN THE GOP MEETING — GOP leadership has a slide up that has an ‘agreement’ on the debt limit.”

“The ‘agreement’ says that House Republicans will raise the debt limit by $1.5T in the ‘first reconciliation package’ alongside a promise to CUT $2.5T in ‘net mandatory spending in the reconciliation process.'”

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Axios’ Juliegrace Brufke shared what appears to be a photograph of that slide:

A recent, somewhat cryptic remark by President-elect Donald Trump seems to echo Sherman’s and Brufke’s reporting, and that of others: “The United States will cut Hundreds of Billions of Dollars in spending next year through Reconciliation!” Trump wrote on his Truth Social website, early Thursday evening.

Adding more details, and referencing “reconciliation,” The Hill’s Emily Brooks reports Friday afternoon: “The spending cuts-for-debt-limit-increase agreement being presented to GOP members includes a plan to cut mandatory spending. Mandatory spending includes Social Security, Medicare, Medicaid, veterans benefits, and more.”

“The agreement being eyed would raise the debt ceiling by $1.5 trillion in exchange for $2.5 trillion in net cuts to mandatory spending, done through a reconciliation package, two sources confirmed to The Hill,” Brooks added. “It is not clear which programs would be cut. The reconciliation process is a special procedure that gets around the Senate filibuster, allowing Republicans who will have trifecta control of government to push through their priorities without needing Democratic support.”

Brooks also explained that “Republicans have long been planning to use this process to advance an ambitious legislative agenda that includes extending Trump’s 2017 tax cuts and addressing border security. The Center on Budget and Policy Priorities, however, notes that while reconciliation can be used to address most mandatory spending program, the Budget Act prohibits using it to change Social Security.”

The executive editor of The American Prospect, David Dayen, wrote: “They’re coming for Social Security, Medicare, and Medicaid.”

“Mandatory spending cuts is Republican swamp speak for gutting your hard-earned Medicare,” commented U.S. Senator Ron Wyden (D-OR).

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“Republicans are planning to rob you of your retirement & health care,” observed U.S. Senator Martin Heinrich (D-NM).

What could this mean?

Bobby Kogan, Senior Director of Federal Budget Policy for The Center for American Progress writes that Republicans “have been open about wanting to gut Medicaid and SNAP. $2.5 trillion in cuts could mean: -cutting Medicaid 32% -cutting Medicaid & SNAP 28% -entirely eliminating SNAP, TANF, SSI, and the Child Care entitlement to states.”

TANF, Temporary Assistance for Needy Families, helps “families with children experiencing low-income achieve economic security and stability.”

SSI, also known as Supplemental Security Income, helps “people with disabilities and older adults who have little or no income or resources.”

“If the cut fell entirely on Medicaid,” Kogan added, “it would mean on average about 32 million people were kicked off of Medicaid (depending on how they structured the cuts).”

U.S. Rep. Diana DeGette (D-CO) remarked, “House Republicans just proposed slashing Medicare and Medicaid. I’ll stay in Washington until Hell freezes over to stop them.”

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Trump during the campaign promised to cut “entitlements” and promised to never cut Social Security or Medicare.

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