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Can We Cut the Pay of NPR Reporters by 3.0 Percent?

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Wednesday, 30 October 2013 04:13

What put the suggestion in my mind was Tamara Keith's comment on Morning Edition that the Democrats support "small" cuts to Social Security and Medicare as part of a small bargain with Republicans over the budget. The preferred cut to Social Security is to reduce the annual cost-of-living adjustment by roughly 0.3 percentage points annually. If the typical beneficiary collects benefits for twenty years this would amount to roughly a 3 percent reduction in benefits.

Social Security accounts for more than 90 percent of the income for 40 percent of seniors. It accounts for more than half of the income of 70 percent of seniors. As a result, this proposed cut would be a larger share of the income of the typical senior than the hit from the restoration of pre-Bush era tax rates on the typical wealthy person. Morning Edition's reporters never described that tax increase as "small."  

It should have been a simple matter to save time in the piece and increase its accuracy to leave out the word "small" in referring to the cuts that President Obama and the Democratic leadership want to impose on Social Security and Medicare.

Comments (5)Add Comment
The Grand Bargain of Boiling American Frogs with a Thousand Cuts
written by Last Mover, October 30, 2013 6:10

What's the difference between taking down middle class America with one grand slam versus a thousand small ones?

Why NPR of course, National Privatized Radio. There's no left left anymore, just centrist mush dealt out by the likes of NPR.

Poor babies, they're attacked from both sides aren't they, marching with pride down the centrist road not taken by extremists on talk radio, the voice of reason with no commercials, a cut here, a cut there ... it's a tough job but somebody has to do it.
Yellen wants to cut their pay!
written by pete, October 30, 2013 9:01
Increasing the rate of inflation will cut all workers pay, as it alwasy does, but NOT social security which is actually linked. Ta da.
Ina Jaffe also had an NPR anti-Social Security piece this morning
written by Hugh Sansom, October 30, 2013 11:26
Conservative critics were given pride of place in a pseudo-argument social security is a net transfer from the young to the old.

Arguments Over Social Security Pit Old Vs. Young

http://www.npr.org/2013/10/30/...d-vs-young
...
written by denise, October 30, 2013 1:07
I awaken to these infuriating stories and think "I'm not sending them another dime", and then I remember that I stopped sending them money a long time ago.
...
written by urban legend, October 30, 2013 10:59
Isn't 0.3 percentage points a year for 20 years more like 6%? (A little less with reverse compounding)

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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