- Several influential Republicans have signaled a new willingness to reduce federal spending on Social Security and Medicare. They say that changes are needed to narrow government spending on the programs, which are set to consume a growing share of the federal budget in the decades ahead. Their ideas include cutting benefits for some retirees, raising the retirement age from 67 to 70 for both safety net programs, and requiring many older Americans to pay higher premiums for their health coverage. However, GOP leaders have not specified what, if anything, they would do to the programs. (Articles here and here)
November 3, 2022
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