Saturday, May 23, 2015
Congress may raid Medicare to pay for TPP
The Los Angeles Times writes that Medicare will be “raided” to pay for something completely unrelated, the Trans-Pacific Partnership trade deal, which, by the way, Electronic Frontier Foundation (EFF) has heavily criticized as harmful to free speech because of piracy provisions anyway. Michael Hltzik has the detailed story here. The cut would largely come from an extension of the sequester previously connected to extending the debt ceiling.
However, existing workers displaced by technology overseas may sometimes gain from the TPP.