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Originally posted by sgtclub
Reform and cutting are not the same thing. Reform = restructure to make more efficient/less costly. And I'm not focused on the drug benefit per se, but rather the system as a whole.
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I hear ya. I just haven't seen much about how the system can be overhauled to do things more cheaply, at the same time as we are facing a general spiral in health care costs. That's what I meant by faith-based: you believe, but don't explain.
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Increase retirement age = reduction in budgeted obligations.
This is not an all or nothing proposition, and it is not meant as a short term fix. It would be phased in slowly over time.
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The startup costs for private accounts will be there no matter how long we phase it in. They are only going to increase once the baby boomers start retiring in droves. Combining that with your mathematical equation up there, it means that the retirement age increase is going to have to be llllarrrrge.
If I had more googling ability I'd link here to the clip of the old folks assaulting Rostenkowski's car as a better visual aid for how that would go over, term limits or no.
See above for explanation of "faith-based."
