Page 3 - Phasing In News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Have to deal with the debt bomb. >> neil: he did take that stuff. that kid is still waiting outside the building. you mean, its good analogy but you are right. >> we are taking from them. the entitlement problem, the medicare and social security that is going to bankrupted us and we older people, i have paid in all my life but they don't know they are getting three to four times what they paid in. >> neil: or for the matter, nobody is taking it away from the current beneficiaries, it's all about phasing in, their grandkids either they don't care about their grandkids and lot of grandkids are a...

That system? >> i think we ought to have a conversation. is there a better way? are private accounts an appropriate thing for a young american to say, i'd rather manage this account myself. i'd rather put the dollars in there, manage the account myself. there may be some other young workers who say, i don't want to mess with that. i would rather the government run it. it may not be as much but i don't want to mess with it. do we need to means test it? do we need to talk about phasing in, if you will, the age upward? obviously, we are going to live into substantially older age than what was exp...

That system? >> i think we ought to have a conversation. is there a better way? are private accounts an appropriate thing for a young american to say, i'd rather manage this account myself. i'd rather put the dollars in there, manage the account myself. there may be some other young workers who say, i don't want to mess with that. i would rather the government run it. it may not be as much but i don't want to mess with it. do we need to means test it? do we need to talk about phasing in, if you will, the age upward? obviously, we are going to live into substantially older age than what was exp...