Page 20 - Means Testing News Today

Or the young dont get shortchanged. its going be tough, though. >> im concerned, al, forever the presidents not willing to take care of the entitlement programs, to really reform those and cut back over the next generation we wont have the money to invest in the future. that is an either/or proposition. if you keep entitlements as they are moving forward, you wont have the money to invest in the future. >> long term, youre absolutely right. i think every indication, including public pronouncemen...

Otherwise were going broke. they say dont cut my social security. dont cut my medicare. that is the issue here. >> arthel: brenda, as a business expert, would you if you were going into books and looking at those systems, would you go in there and look at some of the unnecessary expenses, perhaps the administrative costs or make adjustments to make it fit where the public doesnt sort of freak out thinking their benefits will be cut? >> administrative costs, that is on the edge. that is not going...

Bill: you deal in money every day, right. >> right. bill: you know with a real estate deduction people sometimes are tempted to buy a home. >> right. bill: do you think that is ever going to change when the market is on the floor the way it is? >> till be means-tested. at some point the baby steps will be means-tested. do you have to give someone a millionaire same sort of tax breaks, legitimate millionaire, not one of these 200, $300,000 millionaires. do you give them same tax break as househol...

Kind of means testing. youre going to have to look at age. youre going to have to look at lowering the price we pay the drug companies for drugs. look at paying for quality instead of quantity. youre going to have to have some kind of tort reform. and weve got to do something about the whole end of life scenario without talking about death panels. we do these kinds of things, we can bring down the cost of health care. >> senator simpson, tactics and strategy are part of this. to achieve goals, y...

Kind of means testing. youre going to have to look at age. youre going to have to look at lowering the price we pay the drug companies for drugs. look at paying for quality instead of quantity. youre going to have to have some kind of tort reform. and weve got to do something about the whole end of life scenario without talking about death panels. we do these kinds of things, we can bring down the cost of health care. >> senator simpson, tactics and strategy are part of this. to achieve goals, y...

Billion worth of revenue weve got to get from simplifying the code and wiping out this back door spending in the tax code. what would i do on health care? >> medicare. >> were going to have to reduce health care spending on medicare by about $500 billion to $600 billion in the next 10 years. youll have to do it in some of the ways that mitch mcconnell talked about. look at some kind of cost sharing, some kind of means testing. youre going to have to look at age. youre going to have to look at lo...

The problem here is i think that republicans in the house are dominated by a group of extreme ideologues who really dont care about the consequences of their actions. theres plenty to talk about in terms of bargaining chips, cutting billions in wasteful spending and military programs and corporate warfare that are needed, addressing means testing of medicare so the wealthier beneficiaries who dont need the help dont get as much help. theres plenty to be done. i think the problem is you have a gr...

And spending cuts. do we expect him to give in at all? >> nice to hear the sound lights from lindsey graham and mitch mcconnell. you can see the holiday cheer has made it well into the beginning days 2013 right there. continued antagonism on both sides right now with tough talk as we go forward. remember this debt ceiling. we hit that. our nations borrowing limit, money already owed and already been spent just a couple of months from now, so this is going to be a top priority in a very near futu...

Avoid going over over the cliff. there is a deal to be had somewhere between 400,000 and 500,000 on rates. lets make sure sure we put it and the deficit. you better hope that democrats and republicans say we are not going to borrow any more money. that means adjusting the age or medicare. means testing for medicare and social security and cpi adjustments for the rate of inflation. thats what i want to raise the debt ceiling. in august 2nd of this past year 2011 we borrowed $2.1 trillion the last...

Same with social security reform. break it into smaller pieces and pass what we can grow to. means testing, we can grow to that. >>neil: senator, thank you very much. just what hollywood did not want to hear, adam lanza liked very violent video games. @8