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Joe Lieberman: Obama Must 'Courageously' Cut Medicare Benefits, Raise Retirement Age

by: Larkspur

Fri Nov 16, 2012 at 11:03:08 AM EST

( - promoted by ctblogger)

From the "quiet rooms" of The Wall Street Journal CEO Council...

Joe Lieberman Says Obama Must 'Courageously' Cut Medicare Benefits, Raise Retirement Age

We've obtained a transcript of the event's dinner meeting that took place earlier this week. At the meeting, Sen. Joe Lieberman (I-CT), making conversation with former Senate Minority Leader and current corporate lobbyist Trent Lott, suggests that President Obama should "courageously" cut Medicare by raising the eligibility age in order to combat the deficit:

LIEBERMAN: I'd say that sometime soon- both privately to Speaker Boehner and - and also publicly, he - he should- make clear that he's prepared- to- to change some of - Medicare status quo. [...] But I think the President will have to make clear he'll either support some- well, for instance, in- beginning to increase the age of eligibility. [...] Incidentally, increasing the age of eligibility to be more close (LAUGH) to the actual age at which people are living, as opposed to the age- that they were living in 1965, when Medicare was adopted, the average age It's now closing in on 80 - saves a lotta money- every year. The president has to show the public, and the Republicans, who he's asking to support higher revenue, or tax reform, that he's prepared and Democrats are prepared to deal- courageously with- entitlements.


What could Lieberman's motivation be in pushing for these Medicare cuts? The health insurer Aetna is the ninth-largest single donor in his Senate career. He's retiring, and earlier this year, his staff told me that he won't publicly disclose any negotiations he has for possible lobbying jobs in the future. Maybe he thinks by cutting Medicare, he'll be able to get a lobbying gig with the insurance industry in the future.

Senator-elect Elizabeth Warren has an alternative, truly "balanced" approach to tackling the deficit. During a campaign debate last month, she laid out a popular, credible vision for dealing with the deficit: cut back on wasteful military and agriculture subsidy spending, and make the rich pay their fair share.

Lieberman's comment isn't much different than RMoney's 47% comments, and I believe Lieberman's comments are born out of spite against those of us who worked and voted against him.  
Larkspur :: Joe Lieberman: Obama Must 'Courageously' Cut Medicare Benefits, Raise Retirement Age
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There is a much easier and fairer way to" fix" both medicare (4.00 / 2)
and Social security FOREVER.Just make ALL INCOME subject to both of these programs and they are solvent forever.

Since the vast majority of people in this country already have ALL INCOME subject to both SS and Medicare taxes this is the easiest and fairest way to solve the problem permanently.

Can't Wait for Joe to go (0.00 / 0)
What an embarrassment Joe Lieberman is, and how great is it that he'll be replaced by Chris Murphy, who will protect Social Security and Medicare. There are plenty of ways to fund Medicare, it's such a myth that this country is broke.  It's all a matter of priorities.  After January, I never want to hear another word about Lieberman.

He won't go quietly (0.00 / 0)
Lieberman still has a couple months of being a senator that he'll use to the best of his ability to poison the well of good intentions that this election cycle has brought.

I'm still surprised that he hadn't appeared on the stage with Romney during the run up to the election. I guess Mitt is too "liberal" for such a conservative as Joe.  

Connecticut Bob

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