Originally Posted by FF2®
So sorry I didn't get to this within your time frame.
Its all one big LOZ..the TRULY wealthy don't give two rats asses about SS and Medicare. They don't need it. Its for us suckers who pay taxes.
You think the 1%ers lie in bed at night worrying about whether they'll get a SS check? They make more in a hour in interest.
Why then would you support giving them Medicare and Social Security benefits? I didn't hear any proposal from Obama on entitlements. Nothing. He said Social Security is fine it just needs some "tweaks".
In the Romney plan if someone is making a nice living in retirement their benefits are reduced or eliminated. This move alone helps the solvency of both programs. For medicare they add in a voucher option so that consumers can choose to stay with traditional Medicare or use a voucher to purchase a private plan. They said that the consumer would be guaranteed at least 2 plans to choose from that are below or equal to the voucher amount. The concept is that private companies will always offer a better deal then the government because thats how things generally work in the real world. Add in a 1-3 year increase in the benefits age and the problem is effectively solved.