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McConnell Blames Entitlements, Not GOP, for Rising Deficits

  • Leader sees little chance of tackling debt without Democrats
  • GOP passed tax cut bill adding more than $1 trillion in debt
Senate Majority Leader Mitch McConnell says the budget deficit is "very disturbing."Markets: The Open." (Source: Bloomberg)
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Senate Majority Leader Mitch McConnell blamed rising federal deficits and debt on a bipartisan unwillingness to contain spending on Medicare, Medicaid and Social Security, and said he sees little chance of a major deficit reduction deal while Republicans control Congress and the White House.

“It’s disappointing, but it’s not a Republican problem,” McConnell said Tuesday in an interview with Bloomberg News when asked about the rising deficits and debt. “It’s a bipartisan problem: unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics of America in the future.”