Entitlement reforms is about saying if you want to invest in a greater national defense. If you want to invest in research and development and education well then you can spend 71 percent on entitlements. When Jack Kennedy was President, we spent 26 percent on entitlements. There's just so much money that we can borrow from the Chinese and print at the Fed. Social security and Medicare are about making sure that our elderly don't grow old in poverty. On social security, I would raise the retirement age two years, phased in over the next 25 years. Second, I would means-test social security, and so for anybody who makes two hundred thousand dollars a year or more in retirement income, income not assets. That means you've probably got 4 or 5 million bucks put aside. We should also means-test Medicare. We should increase eligibility age again for Medicare two years, phase in over 25, and for folks who make two hundred thousand dollars a year or more in retirement income, we should only subsidize their medicare premiums 10 percent rather than the 75 percent we subsidize their premiums now. Medicaid we should go to a per capita grant to each state. You get more poor people in your state in a particular year, you get more money. You get less, you get less. That will save hundreds of billions dollars over the next ten years. Those steps that I outlined and the other ones that are written down will save over a trillion dollars over the next ten years, and not cause great pain or damage to any one some people said you're crazy. Maybe I am, but you know what? We gotta solve these problems.

plus-circle Add Review

comment

Reviews