Joe Biden was for cutting entitlements before he was against it.
As a senator dating back to 1984, and as vice president, Mr. Biden embraced proposed cuts to Social Security and Medicare to balance the federal budget. His support for balanced budgets often came when he was up for reelection.
“When those of my friends in the Democratic and Republican Party say to me, ‘How do you expect me to vote for your proposal? Does it not freeze Social Security COLAs for one year? Are we not saying there will be no cost-of-living increases for one year?’ The answer to that is ‘Yes, that is what I am saying,’” Mr. Biden said in a Senate floor speech in April 1984.If the same proposal had been enacted nowadays, it would have erased an 8.
“Absolutely,” Mr. Biden said. “Cost of living — put it all on the table. … Social Security’s not the hard one to solve. Medicare, that is the gorilla in the room, and you’ve got to put all of it on the table.” “I asked the vice president, don’t we have to raise the age? Wouldn’t means-testing and raising the age solve the problem?” Mr. Paul recalled, adding that Mr. Biden said, “Yes in private, but will not say it in public.”
Currently, the Social Security trust funds will be insolvent by 2035, when today’s 55-year-olds reach the normal retirement age and today’s youngest retirees turn 74, according to the Committee for a Responsible Federal Budget.
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