Nobel Prize-winning economist Paul Krugman on Tuesday said it was “unfair” to accuse President Barack Obama of not putting forth serious reforms to Medicare amid the fiscal cliff negotiations.
Krugman noted on PBS’ Newshour that Obamacare seeks to reduce Medicare costs without affecting eligibility or benefits. The law is estimated to have provided $716 billion in savings by reducing payments to hospitals and insurers.
“He’s actually done more to bring down the cost curve for Medicare than anyone has ever done before,” Krugman remarked. “But in Washington, that is considered not serious because he’s not actually taking benefits away from people who need them. So, it’s a really weird thing. It’s only considered serious if you inflict pain on vulnerable people.”
Republicans have proposed reducing the cost of Medicare by raising the eligibility age. Currently, Americans can enroll in Medicare when they turn 65. Some Republicans have proposed increasing the eligibility age to 67 or 68.
But Krugman said that proposal wouldn’t bring much savings, because most seniors between 65-68 years old are relatively healthy.
“It makes almost no difference to the financial outlook,” he said. “But it’s cruel.”
Krugman said it was wrong to focus on Medicare and Social Security to reduce the federal deficit.
“All of these things that have occupied all our attention are not actually where the big bucks are. The big bucks are in making high-income people pay higher taxes and in actually addressing health care costs, which the Affordable Care Act does and none of the things that we’re talking about now will actually do.”
‘Stop it! Stop it’: Shocking video shows young girl in Seattle crying after reportedly being maced by police
Video posted to social media on Saturday reportedly shows the aftermath after a young girl was maced by Seattle Police.
The girl can be heard screaming as protesters attempted to deliver first aid.
"Stop it! Stop it," she screamed.
Here is a thread Twitter user Kayvon Behroozian posted to Twitter, tagging local media outlets, Seattle Mayor Jenny Durkin and Seattle Police Chief Carmen Best.
Apparently Officer Campbell (see thread — mustache) of @SeattlePD maced the CHILD crying in this video. He did not provide his badge number upon request, unlike his colleagues. @seattletimes @Q13FOX @MayorJenny @carmenbest (posting on behalf of friend who took these videos/pics) pic.twitter.com/0ojb37RSJt
Trump Tower is ‘under siege’ as Chicago Police make arrests to defend the president’s building
Protesters marched on Trump Tower in Chicago on Saturday, as Chicago police in riot gear and on horses defend the president's building.
State police were deployed to the scene to back up local police, who are reportedly arresting protesters.
On video showed protesters taking a knee in solidarity with Colin Kaepernick.
Actor John Cusack was among those documenting the protest.
Here are some of the images from the scene:
George Floyd’s brother tears up discussing condolence phone call from Trump: ‘It hurt me’
The brother of George Floyd described the condolence phone call he received from President Donald Trump during a Saturday interview on MSNBC.
Philonise Floyd was interviewed by the Rev. Al Sharpton on "Politics Nation."
While Derek Chauvin has been arrested and charged with third degree murder, the other three officers involved in the killing remain free.
"They all need to be convicted of first degree murder and given the death penalty," Floyd said.
"What was the conversation with President Trump like?" Sharpton asked.
"It was so fast," Floyd replied.
"He didn't give me an opportunity to even speak. It was hard, I was trying to talk to him, but he just kept like pushing me off, like 'I don't want to hear what you're talking about.' And I just told him I want justice. I said that I couldn't believe they committed a modern-day lynching in broad daylight."