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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (121135)	3/2/2010 4:47:45 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

BC, I don't think expanding medical savings accounts is such a bad idea. I haven't done the math in ages, but I remember those ads for IRAs where they showed what you would have when you retired if you started saving 2K per year at age 30, 35, 40, 45 etc... at 5%, 7.5%, 10% returns etc... It's always wound up being a boat load of money. I think giving people an incentive to save for their future health care in tax deferred accounts would ease the blow when drastic cuts are inevitably made to medicare as the unfunded trillions of liabilities start coming due and the tax revenue falls drastically short.