An explanation of why GOP politicians still hate Medicare
Let me point out that the plot against the social safety net isn't a conspiracy theory. The general shape of the scheme has been widely reported for months. The arithmetic is also clear: Without deep cuts in popular social programs, it isn't possible to achieve huge reductions in the budget deficit while at the same time depriving the
And beyond all that, we now have it in black and white - well, blue on blue.
So, the plan isn't a mystery. But where is this determination to gut programs that are crucial to well over 100 million Americans coming from? These programs are extremely popular - even among Republican voters.
It's true that self-identified
Unfortunately, that poll didn't ask about Medicaid, a program targeted at lower- income Americans that many
One reason even
The attitude of the Republican rank and file, then, seems to be that big government is bad - but when we get down to specifics, don't cut you, don't cut me, cut that fellow behind the tree. Which means that the priorities of the new House majority are wildly out of line with those of its own voters, let alone those of the electorate as a whole.
And history says that attacks on the safety net come with a heavy political price.
So, where is the push to gut
Here's what I think is going on: Even now many, perhaps most
I'm not completely sure that this analysis is right. But all indications are that at some point this year, the Biden administration will have to deal with a full-scale effort at economic blackmail, a threat to blow up the economy unless the safety net is shredded. And I worry that
Krugman is a columnist for The New York Times.



Castlelake Establishes Reinsurer to Provide Insurance Financing Solutions to Aircraft Asset Buyers
Why does GOP Want to cut Social Security & Medicare?
Advisor News
- The modern advisor: Merging income, insurance, and investments
- Financial shocks, caregiving gaps and inflation pressures persist
- Americans unprepared for increased longevity
- More investors will seek comprehensive financial planning
- Midlife planning for women: why it matters and how advisors should adapt
More Advisor NewsAnnuity News
- LIMRA: Annuity sales notch 10th consecutive $100B+ quarter
- AIG to sell remaining shares in Corebridge Financial
- Corebridge Financial, Equitable Holdings post Q1 earnings as merger looms
- AM Best Assigns Credit Ratings to Calix Re Limited
- Transamerica introduces new RILA with optional income features
More Annuity NewsHealth/Employee Benefits News
- Rob Schofield: NC’s new Medicaid ‘compromise’ comes at a cost
- We have to stop this with our votes | RODNEY WALKER
- MCCLELLAN INTRODUCES BILL TO HELP VIRGINIANS KEEP THEIR MEDICAID COVERAGE
- The Spine of Justice Roberts
- SENATE APPROVES BILL TO LIMIT PREMIUM INCREASES, PROTECT ACCESS TO HEALTHCARE
More Health/Employee Benefits NewsLife Insurance News
- 2025 Insurance Abstracts
- AM Best Assigns Credit Ratings to Tokio Marine Newa Insurance Co., Ltd.
- Earnings roundup: Prudential works to save ‘unique’ Japanese market
- How life insurance became a living-benefits strategy
- Financial Focus : Keep your beneficiary choices up to date
More Life Insurance News