(THREAD) This is wrong on multiple levels, indicting the media, the DC "deficit hawk" industry, and popular understanding of macroeconomics.https://twitter.com/MayaMacGuineas/status/964485667035209730 …
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I find this frustrating, because I support entitlement reform. On our current path, Medicare, Social Security, and interest will swamp everything else. That's one reason increasing the deficit so much while the economy is doing well was a mistake. 8/x
Professional "deficit" hawks do a disservice to the cause of responsible long-term budgeting by ignoring macro conditions, prioritizing cheap political points over honest economic arguments, and, most importantly, by not caring about the actual deficit. (END)
Stop calling them "entitlements"! We paid for those programs!
I use the word because then people know what I’m referring to. And your taxes got transferred to current seniors. They didn’t go into a savings account somewhere. When you’re over retirement age, current workers’ taxes cover those programs.
I understand how it works. My issue with using the word "entitlements " is that people view it as getting something for free because that is how the GOP has referred to it for years. Like we haven't earned it.
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