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Trump Budget Pick Seeks Entitlement Cuts as Urgent Step on Debt

  • Mick Mulvaney at Senate Tuesday for confirmation hearings
  • He says Social Security, Medicare need to be preserved
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Debt and Deficits Under the Trump Administration

Updated on

President Donald Trump’s pick for budget director, Mick Mulvaney, said Tuesday the nearly $20 trillion national debt needs to be “addressed sooner rather than later” and that he would push Trump to break his campaign promises and cut Social Security and Medicare.

Mulvaney, a Republican congressman from South Carolina, told senators at his two confirmation hearings that he would “tell the truth” to Trump about the need for entitlement program changes. He said without doing something soon, the Medicare and Social Security trust funds could go bankrupt -- while also maintaining he wouldn’t advocate cutting benefits to current beneficiaries. He said the U.S. needed to shrink the almost $20 trillion national debt, which he compared to an ordinary American family owing more than a quarter of a million dollars on credit cards.