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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Oblomov who wrote (26099)12/16/2004 10:12:40 PM
From: Les HRead Replies (4) of 306849
 
The concept makes no sense economically. That's what matters. Why create a bigger problem than the one that exists? What good is it if you have to pay much higher income tax rates on what you withdraw? He's dancing around the real issue of returning the general budget back to balance. He's creating other issues to distract from the real problem.

If his SS fix is anywhere as effective as his Medicare prescription plan, it'll be another disaster. I had to look into whether my elderly parents would qualify for the drug plan the other day. I found out they won't qualify for any discounts on their prescriptions despite paying 40% more for Medicare premiums since last year. You can't qualify for the idiot plan if you make more than 16K or if you're already covered for prescription coverage in another insurance plan. Hardly anyone qualifies for the benefit. It looks like the real purpose of the plan was to boost reimbursements to the health care industry and to block drug reimportation from Canada...
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