February 17, 2013
WE ARE ALL COMPASSIONATE CONSERVATIVES NOW:
Ben Carson for President : The Johns Hopkins neurosurgeon has two big ideas for America. (WSJ, 2/08/13)
"Here's my solution: When a person is born, give him a birth certificate, an electronic medical record, and a health savings account to which money can be contributed--pretax--from the time you're born 'til the time you die. If you die, you can pass it on to your family members, and there's nobody talking about death panels. We can make contributions for people who are indigent. Instead of sending all this money to some bureaucracy, let's put it in their HSAs. Now they have some control over their own health care. And very quickly they're going to learn how to be responsible."
The Johns Hopkins neurosurgeon may not be politically correct, but he's closer to correct than we've heard in years.
Ten Trillion and Counting : Interview with Paul O'Neill (PBS, Nov. 24, 2008)
We could actually save our way out of this dilemma, so that if we, the American people, saved 10 percent of our income, we would over time build up the resources to pay for these obligations that are coming along.... There are 4 million live births in the United States every year. So if we, the American people, said we're going to assure financial security for our citizens when they get to be 65, if we believe that and put it in practice, we put $23,000 in a named account for an individual on the day they were born. ... If [it] grew at 6 percent, when you got to be 65, your annuity in your name would be worth $1.18 million. So we would create real financial security. It would cost us $92 billion a year to do that. Right this year the federal budget is going to be $3.1 trillion. Could we afford, in effect, to become a mandated-saving society? Absolutely.
Posted by Orrin Judd at February 17, 2013 9:05 AM