Liberals urged to cut old age security spending in upcoming budget

Kershaw said that OAS has drifted too far from its original aim of 'protecting insecure retirees' to 'padding the comfort of affluence'

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OTTAWA — Advocates are calling on the Carney Liberals to start with the biggest line item when deciding where to cut spending ahead of the upcoming federal budget. Article content

Paul Kershaw, the head of generational fairness group Generation Squeeze , told reporters in Ottawa that the $80-billion Old Age Security (OAS) program desperately needed to be reined in, with federal spending hurtling toward a crisis point. Article content Article content

“(OAS) is now the single biggest driver of federal deficits. It costs $42 billion more than a decade ago and adds more to red ink than child care, than PharmaCare, than dental care