Social Security, Medicare can be saved
Congress and the president are both obtuse in regard to solving the problem of Social Security and Medicare for the benefit of the elderly, the soon to retire and future generations to come.
Cutting Medicare and Social Security is not an answer to the country’s woes. A vast jobs program is the answer, thereby creating an internal economy that cannot be outsourced to satisfy the greed of the very rich. Remove the earnings cap on the Social Security tax, which allows those who earn more than $113,000 to not pay into the fund on their additional earnings.
This alone would solve the Social Security income shortfall. Unfortunately, only Sen. Bernard Sanders, I-Vt., has spoken out about the earnings cap.
To fix Medicare, place a 0.05 tax on capital gains earnings more than $250,000, allow Medicare to purchase pharmaceuticals at bulk rates and remove Part D of Medicare from the hands of the private insurance industry. These steps will go a long way toward keeping the program solvent.
To do these things we will need to remove the congressional critters that have supported unregulated and unstructured tax cuts for those who did not need them and had no intention of creating jobs in this country over the last 30 years. Further, those legislators voted to privatize as many public jobs and services as they could, which only served to impose fewer jobs with lower pay and no benefits. While this has made large profits for international corporations, it has been at the taxpayer’s expense.
Louis Anthony Mollica, Hollidaysburg