This comes as Republican Senate Majority Leader Mitch McConnell said Tuesday he’s concerned about the rising federal deficit, which will approach $1 trillion by the end of this fiscal year.
Sen. Mitch McConnell: “It’s very disturbing, and it’s driven by the three big entitlement programs that are very popular: Medicare, Social Security and Medicaid.”
McConnell’s call for massive cuts to those programs comes after he led a successful Republican effort last year to pass a massive tax bill. It’s been described as one of the largest wealth transfers from the poor to the rich in U.S. history.