I am not trying to be critical of the Ryan plan but politically it is a difficult sell. Those over 55 get the government to pay for their retirement health care, those under 55 don't get that but still get to pay the medicare taxes to pay for the others, without the entitlement for it. Then throw in tax cuts at the same time. You can see how many voters including many Republicans will respond: “Screw the rich, keep your promise to me instead. I paid in”. That was not the choice they were asked to make last year.
I am critical about how Republicans are handling this. If they had public opinion on their side and made Democrats cave on it under political pressure I would be happy. But the way things are going it looks like Republicans wont get anything cut.
“I paid in”
Medicare depends on individual situations, obviously, but many, MANY recipients have gotten FAR more than they have put in, including interest, which makes them-—WELFARE CASES.
In the case of Social Security, with today’s longevity, the vast majority of recipients get out far more than they put in. Which makes them welfare cases also.
Somebody needs to tell these users the facts of life. The gravy train is over.
We can wean ourselves off it the easy way or simply have the curtain crash down all of a sudden.
And monetizing the debt will produce the same eventual result.
Get hip...or get creamed.