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6/7/17

By H. Randolph Holder

HRH060717

Economist Martin Feldstein says that “There is no way to shrink the deficit other than by slowing the growth of Medicare, Medicaid and Social Security” which account for more than 10% of GDP; it will be necessary, for those under 55 today, to increase eligibility for full Social Security benefits to age 70. Otherwise a cut in benefits of 30% will be needed to prevent a crisis.

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