Trump's Second-Term Plan For Social Security: Starve The Beast

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Trump's Second-Term Plan For Social Security: Starve The Beast
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In using deficit fears to target entitlement programs, Republicans are enacting a time-honored political tradition of the right: first, expand deficits through tax cuts, then declare that spending must be slashed.

to an unnamed Reagan administration official in 1985 and long associated with Reagan economic guru David Stockman, the notion of “starve the beast” emerged from around the time of Reagan’s 1981 tax cuts, which were not paired with simultaneous spending reductions. that higher deficits would naturally lead to budget reductions: “We can lecture our children about extravagance until we run out of voice and breath. Or we can cure their extravagance by simply reducing their allowance.

Today, you can see the “starve the beast” tactic clearly in the 2017 tax cuts—the main cause of the projected record deficits—to future spending cuts. Trump’s top economic adviser Larry Kudlow, aexplicitly invoked “starve the beast” in a 1996"Tax cuts impose a restraint on the size of government. Tax cuts will starve the beast… Specifically, tax cuts provide a policy incentive to search for market solutions to the problems of Social Security, health care, education and the environment.

It would be no surprise to learn that Kudlow, who now heads Trump's National Economic Council, is pursuing the same course today. , “I’m not going to cut Social Security like every other Republican.” Despite reports from fellow Republicans like Thune and Barrasso that Trump may, indeed, be just like every Republican in a second term, some on the right think it’s best that he keep that promise.

Among those urging caution is longtime Republican strategist Grover Norquist, famous for his libertarian credo, “I don't want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub.” After the 2017 tax bill passed, NorquistTrump that Social Security and Medicare should be “off the table” in future spending reductions.

But to follow Norquist’s advice would go against the momentum of a conservative movement that has been gaining steam since the 1980s in their quest to cut or privatize Social Security.

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