How Boehner’s Debt Plan Produces ‘The Greatest Increase In Poverty And Hardship’ In American History

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To secure $1.5 trillion in entitlement savings over the next ten years would require draconian policy changes. Policymakers would essentially have three choices:

1) cut Social Security and Medicare benefits heavily for current retirees, something that all budget plans from both parties (including House Budget Committee Chairman Paul Ryan’s plan) have ruled out;

2) repeal the Affordable Care Act’s coverage expansions while retaining its measures that cut Medicare payments and raise tax revenues, even though Republicans seek to repeal many of those measures as well; or

3) eviscerate the safety net for low-income children, parents, senior citizens, and people with disabilities.

There is no other plausible way to get $1.5 trillion in entitlement cuts in the next ten years.

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