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Debt Commission Report Targets Social Security and Medicare
Posted: Nov 11, 2010
As I told my little Republican friend, biotch, vote and ye shall receive! For some reason, I don't think all the old people that voted in numbers this last election were actually planning for their Medicare to be cut!
Today's upcoming report by the White House's fiscal commission is expected to include recommendations to raise the retirement age for Social Security and cut Medicare benefits -- two policy prescriptions that will be met with deep opposition from Democrats and some Republicans -- according to a source who has been briefed on the proposal.
The chairmen of the commission will unveil their overarching recommendations for debt and deficit reduction on Wednesday afternoon, weeks before the official unveiling is expected.
The findings are not the final report of the commission, officially known as the National Commission on Fiscal Responsibility and Reform. Rather they are the specific suggestions of its two chairs, former Sen. Alan Simpson and former White House Chief of Staff Erskine Bowles. The ultimate findings will require the support of 14 members of the 18-member commission. And at this juncture it is unclear if the votes are there, sources familiar with deliberation say.
In the process of pursuing their reforms for Social Security and Medicare, the commission chairs are expected to suggest that the end result will be a 70 percent cut in benefits and 30 percent increase in revenues, according to the source familiar with the upcoming announcement.
"What a crazy proposal, what a crazy proposal," said a Democratic source briefed on the findings. "I expect that the White House is going to distance itself big-time from this, saying this is just the chairman not the commission."
CONTINUATION OF ARTICLE
Debt Commission Report Targets Social Security and Medicare - - Dsue
[ In Reply To ..]But if you read the whole proposal, this would not take effect until 2075.
A "hardship exception" would be provided? - Can't you just see this?
[ In Reply To ..]Quote from Fox article: A "hardship exception" would be provided for certain occupations where older retirement would be unrealistic.
All those people who are so worried that someone might be getting "welfare" when they aren't would have a very hard time. Does a janitor qualify? What if you were a janitor for 2 years and a CPA for 50 years? How about a farmer? But what if the farmer is a manager and not a worker? What about office workers who have carpal tunnel and arthritis? What if they never touched a keyboard? What if you never "worked" but raised a dozen kids?
Never happen.
We would not have to have this discussion if the Dems... - sam
[ In Reply To ..]had not passed the law during Johnson admin that made it legal for congress to raid the social security fund. It is one program that actually would have paid for itself, but oh my, we can't let THAT happen. Boy, when you get to really looking into history, the Dems have messed us over a LOT. Arghh.
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