Entitlement reform is always a sticking point in Washington. Although there is a contingent of Americans from both sides of the political spectrum who support some type of tweaking of entitlements, many democrats are afraid to even utter the phrase just as Republicans won’t contemplate raising taxes. Hiking the age for Medicare eligibility is one of the measures often floated. And, seeing as Americans are living and working longer, it seems to be logical. However, the Congressional Budget Office recently said it would not make that big of a difference.
Farmer sentiment has plunged to levels not seen since October 2016, a Purdue University/CME Group index showed this month. Net farm income last year was about half of the $123 billion earned in 2013.