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Exact(48)
This doesn't mean slashing benefits.
They believe in drastically cutting the role of government and slashing benefits such as social security.
Pay-as-you-go would require either slashing benefits, sharply increasing required contributions, or both.
Some of both will be needed, but slashing benefits is dangerous because retirements are already at risk.
But the consequence of slashing benefits while the rental sector ran rampant must have been evident to the Government, and yet it stayed the course.
The anxiety grows when governments are slashing benefits and pushing back retirement ages in an attempt to deal with spiraling deficits.
Similar(12)
Ireland's government has cut wages and slashed benefits and services.
Benefits were slashed, benefits were taxed and the retirement age was raised.
Mr. Cantor's plan would slash benefits for many of the poorest people in the United States, according to the Center on Budget and Policy Priorities.
During the recession they cut payment rates to hospitals and slashed benefits, such as dental and eye care.
His plan is to slash benefits to retirees, including pensions and healthcare, and cut already minimal services to the bone.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com