Liberal Plans To Save On Entitlements

By Alan with comments January 27, 2013 21:29

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