Your suggestions certainly amount to "cutting a penny".
If I've got a Treasury with 2% coupon, and you cut that to 1%, you can't tell me that because the underlying principal hasn't changed that you haven't reduced my income.
Perhaps we should cut these programs, but nobody is going to be tricked by this sort of stuff. Whenever CMS proposes a lower trend rate people howl.
Your suggestions certainly amount to "cutting a penny".
If I've got a Treasury with 2% coupon, and you cut that to 1%, you can't tell me that because the underlying principal hasn't changed that you haven't reduced my income.
Perhaps we should cut these programs, but nobody is going to be tricked by this sort of stuff. Whenever CMS proposes a lower trend rate people howl.