June 10, 2010

IN DEFENSE OF GREEDY GEEZERS: “Simpson overlooks the fact that one reason why seniors want to protect their social security checks is so they can preserve some of the income they have saved and pass it down to their children. Another reason is that, with Medicare having been drained of something like $500 billion to pay for Obamacare, and with the commission considering Medicare as a target for further cuts, seniors understand that they probably will need to spend more of their income on health care than they had planned to. It’s not greedy to be thinking about taking care of one’s health.”

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