Macro Musings with David Beckworth cover image

Brian Riedl on the Current and Future Outlook for US Public Finance and Budget Reform

Macro Musings with David Beckworth

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Biden's Promises on Social Security and Medicare Have No Basis in Reality

President Biden is set to detail his budget plan on Thursday. John Avlon says the president's promises about Social Security and Medicare have no basis in reality. Avlon: The only two choices we have as a country are address social security and Medicare or nearly double middle class taxes. He adds that if all it is is big tax hikes on the rich, there is room to raise taxes on the rich.

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