Post a Comment On: Doug Ross @ Journal

That's the genius of our legacy media: they don't tell us stuff that we don't need to know.

Consider, if you will, Lummis Bill Tackles Entitlement Reform.

U.S. Representative Cynthia Lummis (R-Wyo.) has introduced H.R. 867, Alex’s Law. Alex’s Law, named after a four-year-old child of a member of Representative Lummis’ staff, helps ensure Social Security remains viable for all generations of Americans by slowly raising the retirement age starting in 2024.

...America’s debt has surpassed an astounding $14 trillion – and [f]or the first time since its reform in 1980, the Congressional Budget Office announced in January that [Social Security] is now permanently in the red. The Social Security trust fund goes broke in 2037, which means Americans will see a 22 percent cut in benefits, and the cuts will get worse if Washington continues to look the other way.

[Image]... In 2010, payroll taxes fell $37 billion short of what was required to pay out benefits. The Congressional Budget Office projects permanent Social Security deficits until the Social Security trust fund is exhausted in 2037. At that point, the Social Security Administration trustees estimate that Social Security payroll tax revenues will only be able to support 78 percent of benefits, leading to a 22 percent cut in benefits for all retirees.

Under H.R. 867, the retirement age increase would phase-in slowly over time:

• Today’s 50-year-olds and those older: NO CHANGE FROM CURRENT LAW

• Today’s 49-year-olds – Retirement age increase: 1 month

• Today’s 35-year-olds – Retirement age increase: 1 year

• Today’s 19-year-olds – Retirement age increase: 2 years

• Today’s 4-year-olds – Retirement age increase: 3 years
Let me guess: if the media bothers to cover this, Democrats will demagogue these trivial but important changes.

Because that's what they do.