Politicians who are unwilling or unable to offer a persuasive political or policy rationale for cutting Social Security benefits are instead hiding behind a technocratic rationale. We’re not “cutting benefits,” we’re “correcting our inflation measure.”A similar dynamic is behind the popularity of raising the retirement age, or the Medicare eligibility age: Its advocates can pretend that it’s not a cut, but a technical adjustment made to account for the fact that Americans are living longer. Compared to other approaches to cutting benefits, raising the retirement age is, again, a substantively unwise, regressive approach. But it can be justified as a mere technocratic tweak.
This is bad policymaking. If we want to cut Social Security and/or Medicare, we should have a conversation about how to cut Social Security and/or Medicare, decide what our priorities are — Progressivity? Making the health-care system more efficient? Total deficit-reduction? — and find the policy that does the best job achieving those goals. The effort to mask cuts in technical adjustments just leads to worse cuts, as the top priority isn’t protecting the poorest or improving the program, but finding a policy sufficiently confusing that you can pass it before most people realize what it is.
With this latest capitulation on Social Security, I guess Democrats are intent on reliving the glory days of 2010.
— Markos Moulitsas (@markos) December 18, 2012
Thoughts on the Chained CPI, Social Security, and the Budget | CEPR Blog http://www.cepr.net/index.php/blogs/cepr-blog/thoughts-on-the-chained-cpi-social-security-and-the-budgetHow Obama aims to cut Social Security benefits by 10% « LBO News from Doug Henwood http://lbo-news.com/2012/12/17/how-obama-aims-to-cut-social-security-benefits-by-10/A Cost of Living Adjustment for Social Security in the Fiscal Cliff? | Next New Deal http://www.nextnewdeal.net/rortybomb/cost-living-adjustment-social-security-fiscal-cliff#.UM_SaCnlaqA.twitterHow Do the Elderly Spend Money and the Difficulty of Protecting Against Social Security Cuts | Next New Deal http://www.nextnewdeal.net/rortybomb/how-do-elderly-spend-money-and-difficulty-protecting-against-social-security-cuts
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