The problem with this is that seniors, and I’m close to that, have been promised since the passage of the Medicare ACT in the 60’s that if they pay into Medicare their health care will be provided for. I don’t know how old you are, but I was a kid in the '60’s, so I grew up with that promise, and its consequential confiscation of my money. In a way, I did pay for my health care and (part of) retirement. I shudder in disgust to think of how much retirment money I would have in seven years if the government had actaully invested my Social Security money in interest-bearing accounts over the last 40+ years, instead of stealing and spending it as part of the general fund.=stinkcat_14;9636571]First of all, anyone who has had forty years in the labor force and not saved for retirement and healthcare in their older years ought to be ashamed of themselves. That is a moral failure, especially when they spent money on necessities such as cable tv, cell phones, bigger houses and new cars.
That doesn’t change the promise made. What it should do, however, is be a lesson to younger Americans; be prepared to fend for yourself (individual repsonsibility), and **never **trust a government promise. In an era of “You deserve something for nothing” and “You didn’t build that”, it might be hard for that message to get through.Second, most seniors have houses that they have paid off. They can sell their house and pay their medical bills. Or take money out of their IRAs. But why spend your own money when you can spend someone else’s. Finally, there is charity and children to cover what is left over.
Jon