Rep. Richard McCormick (R-GA) told Fox Business that Republicans will desperately need help from Democrats if they intend to cut Social Security and Medicare — both of which are programs Democrats have historically supported.
President-elect Donald Trump has said he intends to extend, and possibly expand, his tax cuts to the wealthy and corporations. The cost of the cuts has been in the trillions, and expanding them would cost the country a little under $5 trillion, experts have calculated.
And, with expensive program being pursued such as Trump's promised mass deportations, more money will need to be found from somewhere.
Also Read: How Trump ends Social Security
One of Elon Musk and Vivek Ramaswamy's top jobs in the new Department of Government Efficiency is to reduce spending. However, big cuts will conflict with Trump's big-ticket items.
The U.S. Treasury Department calculated that the country spent $6.75 trillion in fiscal year 2022. So, Trump's tax cuts and his mass deportation plan will result in adding almost as much as the entire government functioning for a year.
"We're gonna have to have some hard decisions," claimed McCormick during his Fox appearance Tuesday. "We're gonna have to bring in the Democrats to talk about Social Security, Medicaid, Medicare.
"There's hundreds of billions of dollars to be saved, we just have to have the stomach to take those challenges on."
Trump promised during the 2024 campaign that he would not make any cuts to Social Security or Medicare, but CNN reported in October that some of his proposals would ultimately slash Social Security in the next six years.
See the comments from McCormick below or at the link here.