Panetta Has a Few Words for Trump Over Entitlement Funding
Office of Management and Budget’s former director, Leon Panetta, is adamant the President Donald Trump must cut entitlements if the budget is to be properly managed. It is simple mathematics, really. There is NO WAY that the budget can be balanced by cutting only discretionary spending. Entitlements take too much of the budget. How much? Read on.
As Written By Robert King for the Washington Examiner:
Former Office of Management and Budget Director Leon Panetta called President Trump’s pledge to not touch entitlement spending on Medicare and Medicaid as part of any budget cuts “dangerous.”
“Any time you put something off the table, you are asking for trouble,” he said during an appearance on CBS’ “Face the Nation” on Sunday. “Entitlements make up two-thirds of the federal budget.”
Panetta, who was CIA director and defense secretary under Barack Obama, served as OMB director under Bill Clinton. He said that a lack of agreement in Congress on the budget has been a major obstacle to dealing with $20 trillion in federal debt.
“They are all trying to do this by going after discretionary spending, which constitutes a small part of……
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