Quote:
Originally Posted by Jim in CT
Social Security is an easy fix...
(1) raise the age at which you can collect (no choice, has to be done)
(2) make it means-tested. super rich folks would get less or nothing. I don't htink that's fair, but the fact is the $$ ain't there.
(3) allow for privatization, and invest some of that money in vehicle sthat will get better returns than t-bills.
Medicare - Go after frauds very diligently; enact serious tort reform, which does away wirth frivolous lawsuits, and doesn't force doctors to run unnecessary tests as a measure of "defensive medicine"..
Welfare - do what Clinton did, tell some of 'em to get back to work. And no one gets a check for doing NOTHING, make 'em all do some work for someone, or make them go back to school or learn a trade.
Get rid of the NEA. Fat cats on Park Avenue can pay full price for their opera tickets, they don't need subsidies from us.
That's a start.
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That is a pretty good start however I strongly disagree with no 3. While it would be a good concept to raise the rate of return on money paid into social security the idea of turning it over to financial services sector/Wall Street is just asking for, and imho guaranteeing, trouble.
On the Medicare front I would treble the existing penalties for fraud and also add the proviso that similar to the narcotics laws that allow for asset forfeiture upon conviction. I would prosecute everyone doctors, nurses, aides and office staff. Also there would be cash rewards/immunity for whistleblowers.