“Does that include cutting Medicare and SS payments?”
No, not payments..those are obligations. But you can be certain that they can find 5% of fat that can be trimmed in administrative costs and other overhead functions. Travel, percs, office equipment, heck, even stationary.
Every company I ever worked for figured out ways to reduce their overhead and did it regularly. They did it and stayed in business. Why shouldn’t we expect the same from government?
And how do you factor in inflation in terms of the cuts?