Budgeting fairness

Cut Medicare for the richer, not the younger

David Frum

Paul Ryan's advance previews of his budget ideas make a lot of sense. But they are missing one important piece.

Here's the Wisconsin Congressman, head of the House Budget Committee, speaking last weekend to Mike Huckabee on Fox News: "If you've already retired or you're about to retire and you've organized your lives around Medicare and Social Security, what we will do is preserve those benefits for you just like they are today and then reform them for future generations so that they can actually rely on them, because they are going bankrupt. If we do it now, we do it on our terms, meaning we don't change anything for people in and near retirement. But if we wait, if we keep delaying and kicking the can down the road, then it will look like Europe — bitter austerity. Cuts will happen to current seniors, and that's what we want to avoid."

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