Automatic cuts would exempt Social Security and Medicare

According to As Deadline Nears, What If the ‘Super Committee’ Fails?

The Social Security retirement program is exempt from the automatic spending cuts.

The Medicaid health-care program is also protected as are veterans’ benefits, food stamps, and a handful of other programs to help the poor and disabled.

While Medicare benefits would be spared from the automatic cuts, payments to hospitals, and other health-care providers would be reduced. But those cuts would be limited to 2 percent a year.

So, wouldn’t no deal be better than a bad deal?  Any deal that does come out of the Super Committee is likely to slash social services and largely exempt military spending and the rich.

See also this article.

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