What’s wrong with a measure that would reduce federal spending by about $300 billion over 10 years? The answer, of course, depends on whom you ask.
The current push by conservatives to reduce the national debt and the budget deficit by cutting spending is largely focused on two of the three largest items in the federal budget: Medicare/Medicaid and Social Security. (The third is defense.) One of the proposals under consideration would reduce Social Security payments by estimating smaller increases in the cost of living.