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Out stuff, it often went to the wealthier people? >> well, without a means test, which was the case in most of roman history. anybody could line up to get these goodies. which contributed to the ultimate bankruptcy of the roman state. >> and one telling graph about the poverty rate is that the advocates of the war on poverty, welfare can say look how the poverty line dropped sharply for five years after the war on poverty began. but then you look at what happened before the war on poverty began and the line was just as sharp. people were lifting themselves out of poverty, government kept thing...

Change. they are 60 years old and under current proposals, they would wait to 65 plus several months on top of that. farther down the street, the changes could have a longer coverage gap to fill. they are a55 and could wait untl 66 or 67 or older. it could save money, but it just shifts costs to private insurance or employers in a less efficient way. >> we want to see improvements that actually lower health care costs, not simply change them, make seniors pay more for health care. >> now, one proposal could make seniors pay more simply if you make more, pay more. or what's called the means tes...

The fiscal cliff happens, the economy will shrink half a percent. >> very, very unusual for cbo to come out and predict a recession if the fiscal cliff is not resolved. >> the simpson bowles commission had several recommendations but at the broadest form it was a little of everything. >> simpson-bowles basically included a ratio of about $2.50 in spending cuts for every dollar of revenue increases. >> mostly by eliminating tax deductions. it proposed a reform of entitlement, such as social security and medicare which many democrats are resisting. >> the good news is thank god people are living...

Make sure you have the anti-discrimination laws in affect for people who work until age 70 to get full social security benefits. you better have them in place to protect the elderly workers . means test for congress. theyy are tire aty age 50 and 80 percent of the pay. means test them, too. and victoria. emac makes a great point. delayed on your social security checks and then you are fired because you are too old. a lot of people can get stuck in the hole? >> yeah, it is a real issue. going fishing when you are retirement? most people want to work longer and don't want to go fishing. we are...

Tests is that you get people doing some crazy things. they spend down their money so they pass the means test. they get themselves unwealthy. >> so it's a bad incentive. >> we see that with medicaid. people spending down wealth to get on medicaid. then have that pay for their nursing home. so we have to be a little bit careful, but we can reduce benefits for high-income people. we could raise the cap a bit on what they pay in terms of their earnings, but one of these days we ought to think of people living longer and working longer. >> the outrage of the fact that we live longer than we used t...