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The BBB doesn't cut shit. The biggest cut is $1 trillion in Medicaid over 10 years. Medicaid spending was $894 billion in 2023, up from $721 billion (CPI adjust
by rayiner 1y ago
The BBB doesn't cut shit. The biggest cut is $1 trillion in Medicaid over 10 years. Medicaid spending was $894 billion in 2023, up from $721 billion (CPI adjusted) in 2015: https://www.statista.com/statistics/245348/total-medicaid-expenditure-since-1966/ https://www.statista.com/statistics/245348/total-medicaid-ex.... We're not even cutting it back halfway to what it was in Obama's last year, when everything was peachy.
- deleted 1y ago[deleted]
- Tadpole9181 1y agoThe USD has inflated 36% since 2015. So the 2023 budget was already an effective budget cut from 2015 of almost $100 billion (10%). So we're effectively cutting the program budget by 25% what it was in Obama's last year - and that's after kneecapping it several times legislatively WRT things like the individual mandate and before going into the rapidly rising inflation we're seeing this year leading into that decade.
- rayiner 1y agoAs I said, the 2015 figure I gave was already adjusted for inflation. The medicaid spending was only $495 billion in nominal dollars in 2015.
- array_key_first 1y agoThe BBB doesn't cut shit. It just cuts trillions of dollars. Do y'all actually hear yourself or what? Also: it's not JUST the cutting that's the problem. We're doing these cuts and getting NOTHING in return. Literally nothing. Do you know how much money we're saving? -2 trillion dollars. You are actually paying to lose money. Its legitimately unbelievable just how shit this fiscal policy is.