Politics protect baby boomers in budget fight

Differences aside, there is one thing Republicans and Democrats have in common when it comes to their budget proposals: They are both are friendly to baby boomers.

Senate Democrats and House Republicans both introduced federal budget plans this week. Republicans are calling for spending cuts and tax reductions, while Democrats are proposing a "balanced approach" which would increase tax revenues and cut spending.

Differences aside, there is one thing both plans have in common: They are both are friendly to baby boomers. Marketplace economics correspondent Chris Farrell joins Morning Report host Jeremy Hobson to explain how and why older voters are being spared from proposed Medicare and Social Security cut backs.

About the author

Chris Farrell is the economics editor of Marketplace Money.

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