Social Security Cuts On The Table But Not Medicare Cuts
The White House said today that increasing the age at which Medicare is first available from 65 to 67 is off the table but reducing Social Security by switching to the Chained CPI method of computing Cost of Living Adjustments is on the table.
I'm a conservative(not politically) DI beneficiary. And the white house cpi approach is essentially a RICH GET RICHER POOR GET POORER approach.
ReplyDeleteNo sure how this is a "rich get richer" approach. There is no decrease in taxes, only a decrease in benefits paid.
ReplyDeleteUnforunately, as funds decrease, cuts need to be made.
Which is why the obvious solution is to raise the wage cap. There is simply no need to cut benefits when such a simple solution is available.
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