Page 19 - Means Testing News Today

Own party that the age of people getting entitlements like medicare and social security might be raised. and the affluent level. >> really? thats fascinating. >> bill: those are specifics. >> thats in obamas plan. >> bill: what age exactly. >> let me give you the exact line where it says encourage beneficiaries to seek high value healthcare and ask the most fortunate to pay more. its called means testing. thats how you start a negotiation. >> bill: this is where you and i will never agree. the w...

Willing to consider $400 billion more in revenues as a starting point from tax reform if the president is keeping his offer on the table. and, david, as you know, these are tough things the president agreed to. means testing, medicare. that means higher premiums for well off medicare recipients. $400 billion over 10 years in medicare savings. and the hardest of all -- >> just to point out -- >> of the consumer price index. >> thats not what senate democrats put in their replacement legislation. ...

Willing to consider $400 billion more in revenues as a starting point from tax reform if the president is keeping his offer on the table. and, david, as you know, these are tough things the president agreed to. means testing, medicare. that means higher premiums for well off medicare recipients. $400 billion over 10 years in medicare savings. and the hardest of all -- >> just to point out -- >> of the consumer price index. >> thats not what senate democrats put in their replacement legislation. ...

>> yeah. ronald reagan, 1981. >> he also raised taxes. >> and it worked very well. >> but he raised taxes as well. it didnt hurt the economy, did it? >> listen, he lowered taxes twice, both in 1981 and again as the 1986 tax reform. when they lowered rates for all americans, we had this boom in economic growth. why? because we got rid of a lot of the silly deductions, brought the rates down to help promote more economic growth in our country. >> the president says, look, on the long-term spending...

>> yeah. ronald reagan, 1981. >> he also raised taxes. >> and it worked very well. >> but he raised taxes as well. it didnt hurt the economy, did it? >> listen, he lowered taxes twice, both in 1981 and again as the 1986 tax reform. when they lowered rates for all americans, we had this boom in economic growth. why? because we got rid of a lot of the silly deductions, brought the rates down to help promote more economic growth in our country. >> the president says, look, on the long-term spending...

>> but hes for means testing for wealthy americans. thats on the table according to the white house. and for whats called in this town chain cpi, which is a reduction in benefits over time. how is that not being serious about the long-term entitlement problems? >> then why havent senate democrats passed the presidents plan? the house has passed a plan twice. over the last ten months to replace the sequester. senate democrats have done nothing. its time for them to vote. its time for us to get ba...

Increase that came out of that. there was not balance which is what the president says hes for now. there was no spending cuts. it was just revenue. thats what the speaker said. you got your revenue. now where are the cuts? >> let me answer. obviously, the president wanted the balanced agreement. the speaker walked away. we wanted an agreement that included long-term entitlement reform. and we give the speaker credit for the $600 billion. but ill do a simple math equation, david. if he put $1 tr...

Considered growth of the debt due to interest no amount of cutting is going to solve thachl we need to take a look at changing our monetary policy. and another thing is that this is government waste money? you bet it does. should we have a tax increase to cover that? absolutely not. we have to think about we cant cut jobs to pay off debt. we need to create jobs so there is more tax revenue coming in. so these are things that no to tax increases and another thing no means testing. and its rock so...

Patriot guy, by supporting as actively as did you barack obama, you also put yourself in a category of intolerance on issues like entitlement culture. when you yourself were born in the south bronx and you made it on your own. the entitlement culture now extends to 50% of the american homes. all right? huge rise in it. so youre putting yourself in that bracket by supporting the democratic party through barack obama. who their values are different than yours, general. >> yes, i was raised in the ...

Patriot guy, by supporting as actively as did you barack obama, you also put yourself in a category of intolerance on issues like entitlement culture. when you yourself were born in the south bronx and you made it on your own. the entitlement culture now extends to 50% of the american homes. all right? huge rise in it. so youre putting yourself in that bracket by supporting the democratic party through barack obama. who their values are different than yours, general. >> yes, i was raised in the ...