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Today's Top News
Cantor: Entitlement Promises ‘Frankly, Are Not Going To Be Kept For Many’
During an interview with the Wall Street Journal, House Majority Leader Eric Cantor (R-VA) said he is ready and willing to slash entitlements like Medicare, because, in his opinion, Americans have to “come to grips with the fact that promises have been made that frankly are not going to be kept for many“:
What we need to be able to do is to demonstrate that that is the better way for the people of this country. Get the fiscal house in order, come to grips with the fact that promises have been made that, frankly, are not going to be kept for many. [...] The math doesn’t lie.
Republicans have been saying for months that they want to preserve programs like Medicare and Social Security for all people over the age of 55, but that those under 55 will have to shift into a different program. But Cantor’s pronouncement is maybe the most explicit explanation that, under the GOP’s vision, the government would be actively reneging on promises made to those who haven’t yet hit the arbitrary age of 55.
Of course, the math would look much better, particularly on Social Security, if the GOP were to back off its insistence that the government not collect a single dime in new revenue. Meanwhile, Jacob Hacker, political science professor at Yale University, has called the GOP’s scheme to raise the Medicare retirement age “the single worst idea for Medicare reform” since it “saves Medicare money only by shifting the cost burden onto older Americans caught between the old eligibility age and the new, as well as onto the employers and states that help fund their benefits.”