Balancing the Budget on Social Security & Medicare ?

Comments from Fiscal Commissioners, New Study Concern Seniors !

On Sunday, the co-chairmen of President Barack Obama's fiscal commission offered an ominous assessment of the nation's economic future, calling current budgetary trends a "cancer" that will destroy the country from within unless checked by tough actions in Washington. The two leaders - Alan Simpson(R) and Erskine Bowles - singled out Social Security, Medicare, and Medicaid, saying that the three programs fully consume federal revenue. The commission looks to reduce the deficit primarily through spending cuts and additional revenue. Separately, a new study by the Center for Economic and Policy Research (CEPR) finds that if the Social Security benefit cuts and retirement age increases that have been widely suggested were adopted, they would have a substantially negative impact on low- and middle-income families. The report, "The Impact of Social Security Cuts on Retiree Income," is available at http://bit.ly/dplKBb. "Social Security and Medicare have helped generations of seniors stay healthy and out of poverty. "Balancing the budget on the backs of seniors is absolutely not the solution."

Editorial : I have an idea, stop the WAR ! No fiscal problem ! Do not balance the budget on SENIORS BACKS !