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American Prospects

Take Social Security and Medicare Off the Bargaining Table

March 22, 2013

Prominent Democrats?including the President and House Minority Leader Nancy Pelosi?are openly suggesting that Medicare be means-tested and Social Security payments be reduced by applying a lower adjustment for inflation.

This is even before they?ve started budget negotiations with Republicans?who still refuse to raise taxes on the rich, close tax loopholes the rich depend on (such as hedge-fund and private-equity managers? ?carried interest?), increase capital gains taxes on the wealthy, cap their tax deductions, or tax financial transactions.

It?s not the f

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