FW: [gafairtax] Medicare too heavy a burden
- Take the politics out of needed changes as a start, the head of HHS proposes
For the editorial board
Published on: 05/11/08
More than a month after the trustees of the Social Security and Medicare Trust Funds gathered in late March to issue their annual report on the funds' race to insolvency, the Secretary of Health and Human Services issued another.
It's a call to action — with a warning that "Medicare is drifting toward disaster."
Disaster is not inevitable, says HHS Secretary Mike Leavitt, but unless something is done the nation is endangering, and stealing from, the quality of life of young families and children to come. What's happening is that an increasing share of the earnings of the young will be taken to provide retirement and health care for the old.
http://www.ajc. com/opinion/ content/opinion/ stories/2008/ 05/10/medicareed _0511.html
The Medicare crisis is discussed once again, but not even a passing mention of the most effective way to deal with it - the FairTax.
"Higher and higher costs are being borne by fewer and fewer people", said Levitt. "Sooner or later this formula implodes".
This is PRECISELY the "formula" that the FairTax addresses. It is, in fact, the only proposal that I am aware of which gets at the heart of the problem, which is demographic in nature. Note that no specific proposal is advanced in this article to deal with the problem - other than to legislate "trigger points". The effect of trigger points (in the unlikely event that were successful) would be to pressure congress to make the difficult decisions that they seem otherwise unable to make. However, that does not mean that the decisions will be any less painful nor does it ensure that our elected leaders will be any more willing to face the wrath of American voters than they are now.
Please write to the AJC and let them know that you would appreciate it if they would discuss the FairTax and how it broadens the tax base for Medicare and Social Security.
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