Since Jon Chait has never met a concession he didn’t like, he comes out with an endorsement of raising the Medicare eligibility age as part of a long-term deficit deal. So his cover for what is universally regarded as a terrible idea surely led deficit scolds seeking to use the problem to weaken the safety net to give each other high-fives.
Let’s look at Chait’s reasoning. I would probably start with the fact that he’s not 64 or 65. My parents are, and until my dad reached Medicare in November, they were paying $2,500 a month on the private market for health insurance. So I’ll be happy to provide him with their phone number so he can tell them how it’s “tolerable” for them to spend two years more than they expected doing that.
But soft! Here are his actual reasons.