CBO Confirms Trump Budget Law Will Trigger Over $500 Billion in Automatic Medicare Cuts [View all]

[B.See]

CBO Confirms Trump Budget Law Will Trigger Over $500 Billion in Automatic Medicare Cuts - Common Dreams
"Republicans knew their tax breaks for billionaires would force over half a trillion dollars in Medicare cuts—and they did it anyway," said Rep. Brendan Boyle.

MEANWHILE:

It's Official: Donald Trump's "Big, Beautiful Bill" Will Deplete Social Security Funds Faster - The Motley Fool via MSN

Even while the bill was making its way through Congress, opponents said it would cause the Social Security trust funds to run out of money sooner than projected. Their warnings appear to have been correct. It's official: Donald Trump's "Big, Beautiful Bill" will deplete Social Security's funds faster.

On Aug. 5, 2025, Karen Glenn, Chief Actuary for the Social Security Administration (SSA), responded in a letter to Sen. Ron Wyden's request for an estimate of the financial effects on the Social Security trust funds of... Trump's "Big, Beautiful Bill." Her findings confirmed what opponents had predicted: Trump's bill has accelerated the timeline for Social Security's trust funds being depleted.