Quote:
Originally Posted by Saltheart
The big issue is where is the tipping point at which point the country comes tumbling down because there are too few putting into the pot and too many taking out. .
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The tipping point will be sometime determined by one thing...the Baby Boomers. Starting January 1 of 2010, 10,000 Baby Boomers a day turn 65, and are thus eligible for social security and Medicare. 10,000 a day. That will continue for 15 years.
I haven't heard Obama admit that drastic changes are needed. ALl he talks about is tweaking tax rates on the rich, which is practically meaningless.
Ryan proposed a plan to reduce Medicare costs bt $4 trilion.
That's a clear difference. Obama/Biden will obviously continue to kick the can down the road, Romney/Ryan wil try to do something (no one knows if their plan will work, though).