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Rumor has it that President Obama's deficit commission may call for deep benefit cuts, in particular a sharp rise in the retirement age.
It sought to show that doing nothing would inevitably lead to big tax increases, deep benefit cuts, a sharp rise in the national debt or some combination of all those things.
A15 Social Security Plan Hits Hurdle President Bush's plan to overhaul Social Security fared poorly in a test vote on Capitol Hill, with the Senate splitting over a resolution that Congress should reject any Social Security plan that would require "deep benefit cuts or a massive increase in debt".
"Even though Social Security operates in a fiscally responsible manner, some still advocate deep benefit cuts and seem convinced that Social Security hands out lavish welfare checks.
"Even though Social Security operates in a fiscally responsible manner, some still advocate deep benefit cuts and seem convinced that Social Security hands out lavish welfare checks," the letter says.
Similar(55)
DRILL DOWN DEEP Benefits often don't stop at health and retirement.
They're depriving themselves of the deep benefits that come from getting enough sleep.
At some level, I'm still not convinced that I'll see the deep benefits.
Take the "first time" as an orientation class; simply being present in the hot room and breathing correctly reaps deep benefits; as if you were an experienced yogi!
Until 2012, Labour credits and benefits stayed in place, protecting the poorest: only in April 2013 did Osborne's deepest benefit cuts kick in.
However, he says, there is a deeper benefit for the health service of keeping health services free for all.
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