John Boehner Determined To Cut Social Security And Medicare
House Speaker John Boehner says to hell with the political risks, he’s determined to cut Social Security and Medicare budgets. This will not go down well.
A Wall Street Journal/NBC News poll this week showed less than a quarter of Americans support making significant cuts to Social Security or Medicare to tackle the government’s financial woes. But a majority supported reducing benefits for wealthier retirees and raising the Social Security retirement age.
And how urgent is the problem?
Medicare’s trustees estimate its main program will have sufficient funds to fully cover expenditures through 2029. The comparable date for Social Security is 2037.
So what is Mr. Boehner’s plan?
Mr. Boehner made it clear the Republicans are not themselves offering a detailed plan anytime soon. Rather, the budget is likely to contain cost containment goals, but no specific ideas on how to achieve them.Click here for reuse options!
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