July 16, 2011

ENTITLEMENTS' DEATH SENTENCE:

Obama Open to 'Modest Modifications' to Social Security, Medicare in Deficit Deal (JAKE TAPPER (@jaketapper) and DEVIN DWYER (@devindwyer), July 15, 2011, ABC News)

President Obama said today he's open to "modest modifications" to federal entitlement programs that would require some seniors to pay more for benefits, if the changes are included as part of a compromise plan to reduce the deficit.

"I've said that means-testing on Medicare, meaning people like myself,…you can envision a situation where, for somebody in my position, me having to pay a little bit more on premiums or co-pays or things like that would be appropriate," the president said in response to a question from ABC News. "That could make a difference."


As you transition to more lifetime savings accounts--HSAs, personal SS, unemployment insurance, etc.--you build up so much wealth that rather few will qualify for payments.


Posted by at July 16, 2011 8:46 AM
  

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