Page 382 - Third Rail News Today

They adjourn and maybe not even until a lame duck session. theres nobody at white house in charge of han choing this. theres no bill drafted. i think arizona caught them by surprise and democrats are very cautious about wanting to jump into this thing. >> and are republicans cautious too? because senator mccain and former congressman tancredo, tancredo remark, i want to give him the benefit of the doubt that he really does worry people will be pulled over because they look like they should be pu...

Theres nobody at white house in charge of han choing this. theres no bill drafted. i think arizona caught them by surprise and democrats are very cautious about wanting to jump into this thing. >> and are republicans cautious too? because senator mccain and former congressman tancredo, tancredo remark, i want to give him the benefit of the doubt that he really does worry people will be pulled over because they look like they should be pulled over, so ill give him the benefit of the doubt until i...

Bill any time soon. the senate would go first, the senate is not going to get to it until at least july, if then. maybe not until right before they adjourn and maybe not even until a lame duck session. theres nobody at white house in charge of honchoing this. theres no bill drafted. i think arizona caught them by surprise and democrats are very cautious about wanting to jump into this thing. >> and are republicans cautious too? because if you hear -- senator mccain and former congressman tancred...

Charge that to our kids. >> neil: they say its emergency spending. >> theres a bigger emergency. the bigger emergency is coming that in 2020 well have a death of -- we ought to do things that are easy now and not spending money when we have money sitting idle that were interest on. utilityize than money and well figure out how to replace the money. >> neil: i know its like the third rail of politics issue when anyone questions extending benefits for folks out of work. but the fact of the matter ...

Challenge that we face. davids absolutely right that it was more about expanding coverage than containing costs and addressing our current -- the challenge we already had before we started this reform process. i think its going to be a really difficult and long road to containing health costs. it is our number one challenge. we dont know the solutions yet. were sort of learning as we go along. its going to take a long time for those policy choices and the possible solutions to materialize. in th...

Is changing the structure of benefits for people who need them the least. you want to keep them strong for people who depend on the program but slow the growth for people at the high end who dont need it as much. if you look at revenues, you have different ways to do it. raise the payroll tax cap or you could also have more people putting more money into private savings to augment their social security. in the end, and i think this is true for the budget problems, you have to create a basket of ...

To be able to tax only the "rich" who make more than $200,000 for 10 years to accumulate enough revenue to pay for what is the health care plan whose costs have been underestimated is a pipe dream. most people in this country understand that the middle class has to participate if you are going to generate enough revenue to support government. because of obamas promise they will not touch that third rail. >> that is a consumption tax this value added tax, thats what we are talking about thats the...

Coverage than containing cost and addressing our current, the challenge we already had before we started this reform process. i think its going to be a really difficult and long road to containing health costs. it is our number one challenge. we dont know the solutions yet. we are sort of learn as we go along, and its going to take a long time for those policy choices and the possible solutions to materialize. in the meantime, i think we have to be looking at the easier parts of the budget. >> t...

At the high end who dont need it as much. if you look at revenues, you have different ways to do it. raise the payroll tax cap or have more people put more money into private savings to augment their social security. in the end, and i think this is true for the budget problems, you have to create a basket of everything. there are constituencies who dont want to raise taxes or cut spending. reality, we have to deal with some of all those. that applies to social security. i think retirement age an...

Quote, unquote, rich who make more than $200,000, for ten years to accumulate enough revenue to pay for what is undoubtedly a health care plan whose cost haves been underestimated is simply a pipe dream. i think most people in this country understand that the middle class has to participate if youre going to generate enough revenue to support government and they simply, because of obamas promise, will not touch that third rail. >> but that is a consumption tax. this value-added tax, thats what w...