Republican Budget Bill to Slash Medicaid and SNAP, Increase Deficit by Trillions, CBO Warns

The Congressional Budget Office (CBO) recently released its analysis of the latest Republican budget bill, revealing significant consequences for vital social programs and the national debt. The bill proposes drastic cuts to Medicaid and SNAP benefits, totaling hundreds of billions of dollars in reduced federal spending. According to the CBO's report, this will result in a $3.8 trillion increase in the federal deficit over the next decade. The analysis also highlights the disproportionate impact on low-income households, with the bottom 10% experiencing the most substantial losses. "The top line is that the bottom ten percent of Americans will hurt the most," explains Aaron Parnas in his recent video summarizing the CBO report. While Republicans argue the cuts are necessary for fiscal responsibility, critics point to the potential harm to vulnerable populations. The CBO's findings underscore the need for a thorough debate on the long-term economic and social implications of the proposed budget.