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Raising the Medicare eligibility age from 65 to 67 would reduce Medicare costs by 5%. [ 65 ] Raising the retirement ages in one or both programs brings forth a host of questions around fairness, as some professions are harder to sustain for elderly (e.g., manual labor) and the poor do not have as long a life expectancy as the rich.
A national plan with a light policy touch will empower their growth, increase productivity, and generate the revenue needed to address our national debt without stifling innovation or raising taxes.
Medicare is a federal health insurance program in the United States for people age 65 or older and younger people with disabilities, including those with end stage renal disease and amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease). It was begun in 1965 under the Social Security Administration and is now administered by the Centers ...
The federal debt at the end of the 2018/19 fiscal year (ended September 30, 2019) was $22.7 trillion (~$27.1 trillion in 2023). The portion that is held by the public was $16.8 trillion. Neither figure includes approximately $2.5 trillion owed to the government. [83] Interest on the debt was $404 billion.
Balancing the budget is virtually impossible, and even stabilizing the long-term debt at today's 100 percent of GDP requires wildly unpopular changes to Social Security and Medicare (and will ...
Here’s a plan for paying Social Security, Medicare and military if debt ceiling is reached. Many congressional Republicans support what they see as a logical way to keep key parts of the federal ...