As we hear all the political rhetoric about the budget, entitlements are one item that Capitol Hill seemingly continues to ignore (or scared to touch). Conservative columnist Charles Krauthammer recently wrote this about a possible solution.
Everyone knows that the U.S. budget is being devoured by entitlements. Everyone also knows that of the Big Three – Medicare, Medicaid and Social Security – Social Security is the most solvable.
Back-of-an-envelope solvable: Raise the retirement age, tweak the indexing formula (from wage inflation to price inflation) and means-test so that Warren Buffett’s check gets redirected to a senior in need
Redirecting checks seems to be a form of redistribution of wealth. Hmmm … that’s an interesting concept coming from a conservative Republican.
Now Rep Paul Ryan [R-WI] is also getting into the act by suggesting Medicare should be distributed through a system that includes receiving a government voucher. Hmmm … given Ryan and Krauthammer’s words, I guess perspective defines socialism.