There are 4 things that can be done to close the budget deficit - raise taxes, cut defense, cut medicare and cut social security.
Cuts to Social Security and Medicare would be accomplished by raising the eligibility age. This effectively makes these "cuts" a tax increase.
Raising the minimum age of mediare from 65 to 67 would make the per member cost of medicare go up, causing an increase in the premium. Currently, 65 and 66 year olds are the healthiest people in medicare. if you take out the healthiest people, then the average per member cost will rise and that increase will be met with an increase in the premium seniors will have to pay.
The 65 and 66 year olds will be forced to stay in the work force longer, meaning they will be using employer based health care. While they are the healthiest people on Medicare, they would be the least healthy people getting private health insurance. This means the cost of everyone's health insurance premium will go up.
So cutting medicare simply pushes the cost to you, me , and seniors. We still have to pay, but instead of paying it as a tax increase, we pay it as an increase in health premiums.
Raising the age of Social Security simply means we work longer. Instead of retiring and collecting, we have to work a couple of more years. As with medicare, cuts to SS are really tax increases put on the backs of senior citizens.
But let's balance the budget on the backs of seniors so that we can continue to allow the very wealthy pay a 14% effective tax rate and continue to spend more on the military than everyone else in the world combined.