Liberal Plans To Save On Entitlements

Politico offers highlights of the Democratic entitlement reform menu.

Social Security:

  • ‘Chained CPI’
    Savings: $112 billion
  • Lift cap on taxable earnings
    Revenues: $500 billion or more
  • Change the benefit formula
    Savings: Would close half of Social Security shortfall

Medicare:

  • Expanded means testing
    Savings: $20 billion
  • Faster payment reforms
    Savings: $10 billion
  • Drug rebates
    Savings: $135 billion

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Alan Alan Colmes is the publisher of Liberaland.

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