The million dollar elderly voter question for 2012 is which Medicare plan is best for them: the Paul Ryan Medicare plan or Obama's Medicare plan?
The Associated Press reported that those voters in favor of President Obama's Medicare plan can expect seniors' dependent upon Medicare in 2030 to cost taxpayers 75 percent more money than they do right now.
Wow.
How many young and middle-aged workers does Obama really think will want to pay double in social security taxes than what they are paying right now?
None, of course, especially if they've heard the scuttlebutt that they may not even get to benefit from Medicare when they get old--even though they paid into it for years. That's because it is in danger of going bankrupt unless funds or added to it (by taxing workers more) or excessive costs are cut.
With the U.S. economy still struggling, asking its limited workers to pay twice what they do now just to expand government benefits is ridiculous, of course. And there has to be a better plan.
The Associated Press reported that Paul Ryan's Medicare plan is much less costly than Obamas, and that it would only inch Medicare expenses up to 35 percent by 2030.
That's a lot more reasonable and much better for taxpayers who already pay a considerable amount of social security insurance each pay period. Ryan's plan, therefore, might be a better sell to the elderly and the general public, who will have to pay for it.
At least with the Paul Ryan Medicare plan the elderly keep getting the care they expect now (no more, no less)--and the employed, what few there are now, will not have their pay checks cut even more drastically due to Medicare costs.
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Comments: 12
There is no way in the world that any thinking middle-class person would accept what a democommiRAT says.
Of course, the rising cost of medicare is driven by the increase in retirement age Americans. Take out the tax cuts for the rich from Ryan's budget and it all becomes much more affordable.
Those tax cuts do not begin to balance our budget so what you assert is to rob Peter to pay Paul. Ryan is thinking big picture and works toward fixing medical and the deficit, so that we can begin paying down the $84 Trillion in unfunded liabilities, that equates to around $500,000 per tax payer. Read the fact sheet (http://budget.house.gov/bipartisanhealthoptions/) about the bipartisan plan, then comment on it please.
The rich often spend their "extra riches" on foreign investment and imported luxury goods, doing nothing to help the domestic economy. Poor folks spend all their extra cash on local goods and services making growth in demand which businesses will arise or expand to meet.
Tax cuts for the rich is bad economics and worse morality, since it comes at the expense of everyone else.