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Economics

Saturday, December 1, 2012

YOUR TURN: The Fiscal Cliff — What Deal Would You Cut?

Massachusetts Democrats in Congress want to avoid cuts in benefits as part of any deal, but proposals such as raising the eligibility age for Medicare are still on the table. What would you do?

As Congress negotiates a deal to avoid the so-called "fiscal cliff" on Jan. 1, Massachusetts' congressional representatives have voiced their opposition to any cuts in benefits such as Social Security, Medicare and Medicaid, the Boston Globe reports. However, there are proposals still on the table that would change those benefit programs, including linking Social Security benefits to a more conservative inflation index that would slightly reduce annual increases, or raising the eligibility age for Medicare from 65 to 67. The Globe reported that while the Bay State's legislators were united against changes to Social Security, there's some wiggle room on Medicare. Rep. Ed Markey opposes raising the Medicare eligibility age; Rep. Michael …

Carl Reppucci

10:08 pm on Monday, December 3, 2012

Look at the Federal Poverty Levels - that even a single person making $33000 is considered 300% above poverty level but take someone single out of college with $100000 in debt, give him/her a $60000 job and with loans, apt rent, car - they are now in poverty. Good luck! How much in taxes? If you don't control the towns and the state - remember they get federal money - your tax dollar - then cut …   more ›

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