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Home Publications Blogs Beat the Press Raising the Medicare Eligibility Age to 67 and Cutting Social Security Benefits by 3 Percent Is Not a Big Deal

Raising the Medicare Eligibility Age to 67 and Cutting Social Security Benefits by 3 Percent Is Not a Big Deal

Friday, 22 July 2011 05:21

That is what the Post effectively told readers in a front page article. It told readers:

"If both sides agree, that measure [a short-term agreement on the debt ceiling] could also include some tax and entitlement changes, such as ending breaks for corporate jets, raising the Medicare eligibility age or changing the measure of inflation used to adjust Social Security benefits. However, the largest tax and entitlement changes are likely to be left until next year."

"Entitlement changes" mean cuts to Social Security and Medicare.

The piece also refers to the "soaring" national debt. Serious newspapers reserve such terms for the opinion pages.

Comments (2)Add Comment
When Is a Debt Not a Debt?
written by Paul, July 22, 2011 1:20
1. Is it a debt when you can pay it back with money you can create at will?

2. Is it a debt when the creditors never demand repayment of principal but just keep extending the term indefinitely?

3. Is it a debt when most of the principal is just money you owe yourself?

4. Is it a debt when there is no possibility of involuntary default?

5. Is an accounting device a debt just because we traditionally call it a debt?
written by zinc, July 22, 2011 8:29
Any cut to Social Security is an abomination. In your own words, Social Security has nothing to do with the debt. Some things are worth fighting for, like the Greatest Generation of Americans who built the safety net in America with their blood in WW2. Now, those that have never served and would not ever serve, postulate minor cuts are "no big deal". Two years at 65 are a big deal.

Barrack O'Bama, like Colin and Michael Powell (FCC), is being used as a tool by the racist, white Southerners to do their bidding.

He doesn't even realize it. How about smug Kent Conrad's agricultural subsidy or weak Federal credit card usury laws first ? Oh, not on the table. The gang of six makes me want to puke.

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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.