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It's time to ask a new question: Why wouldn't he cut them?
Bad News
Last Friday the Wall Street Journal reported that the President's cuts would be "aimed in part at keeping alive bipartisan talks on a major budget deal." No, you're not experiencing déjà vu. We've heard this story before.
The Journal was vague on the President's specific cuts, though it did cite the "chained CPI" cut to Social Security. (The Administration described those cuts as a minor "technical change," although they're technically less accurate than the current and already inadequate formula. They'd come to 6.5 percent of a 75-year-old's benefits and 9.2 percent of a 95-year-old's.)
The; New York Times reported that the President and House Republicans "have quietly raised the idea of broad systemic changes" to these programs as part of a broad "fiscal deal." It also provided more detail on the President's newest proposed Medicare cut, which would combine the deductibles for outpatient and hospital Medicare coverage. That would increase annual out-of-pocket costs for 80 percent of Medicare recipients (while typically lowering them for people who are hospitalized during the year.)
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