Sen. Marco Rubio (R-Fla.) joined POLITICO Playbook authors Jake Sherman and Anna Palmer for a conversation on the news of the day. While talking about the tax cuts, Rubio revealed the GOP's long term plan to cut Social Security and Medicare.
Michael Hiltzik of the LA Times wrote about the Rubio's statement, "In a videotaped interview with two Politico reporters Wednesday, Sen. Marco Rubio (R-Fla.) said the quiet parts out loud. Asked by interviewers Anna Palmer and Jake Sherman how to address the federal deficit, he replied: “We have to do two things. We have to generate economic growth which generates revenue, while reducing spending. That will mean instituting structural changes to Social Security and Medicare for the future.”
The only thing that’s new here is the explicit admission by a Republican officeholder that this is the GOP’s master plan to eviscerate the welfare and retirement of American workers. Budget analysts have seen it coming with all the subtlety of a freight train. As we reported earlier this month, the damage begins with the so-called Paygo law (for “pay as you go”), which requires Congress to offset any increase in the federal deficit with spending cuts. The law limits Medicare cuts to 4% of its budget per year, or $25 billion of its $625-billion budget. Because the tax cut proposals the Senate was preparing to vote on late Friday would expand the deficit by about $1.5 trillion over 10 years, it’s likely to trigger the cuts."
Los Angeles Times Article: Sen. Rubio tells a secret: After giving a tax cut to the rich, GOP will cut Social Security and Medicare –