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The myths that undermine Medicare and Social Security
The talk in Washington and among opinion leaders around the country's budget issues today centers on "balance" and "responsibility." Many conservatives declare that these terms mean that there should be no new revenue, only spending cuts to programs such as Social Security and Medicare. They also propose to reduc cost of living adjustments for all Social Security recipients, a group of Americans who have seen traditional pensions eliminated and savings devastated by the Great Recession — and who rely more and more on our Social Security system, into which they paid during their entire working lives.
By Frank Stella
April 23, 2013