Washington, DC felt like a city on a deathwatch this week, after a series of White House news leaks said the President would announce cuts to Medicare and Social Security benefits next Monday.
One plan was to raise the eligibility age for Medicare and Social Security. Another involved an accounting gimmick that would cut the already-inadequate cost of living adjustments for Social Security benefits - and raise taxes on the middle class, too.
The response was negative, as most people might expect. Very, very negative.
Many elected Democrats have been dreading next Monday's speech ever since these trial balloons were first floated. They saw these proposals, probably rightly, as a fatal blow to their reelection chances.
Another dark cloud was hanging over public interest groups who represent older Americans, sound economic policy, or improvements to our health care system. They understood the damage these ideas could cause.
That was then, this is now. Today the clouds lifted ... some of them, anyway. more »
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