Social Security benefits likely to be cut

by Staff | November 12th, 2010

November 12, 2010

Federal cutback are inevitable, and Social Security benefits are included, according to an editorial in The Philadelphia Inquirer.

Lawmakers have brainstormed ideas to reduce the federal deficit, and cutting Social Security benefits over a long period of time may become a reality.

Social Security benefits, Medicare and Medicaid benefits would be reduced by $773 billion over 10 years, and the retirement age would be raised gradually to 69 by 2075.

Read more.

What ideas do you have to cut back on federal spending? Is it fair to cut back on Social Security benefits?

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