Word: partiality
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Fifth and finally, such a partial privatization of Social Security would be regressive. Current Social Security benefits provide higher returns to lower-income individuals; that would not be the case in individual accounts. Placing money in private accounts would undermine the concept of a system for common provision. So far, the fears of Social Security shortfall have been used as a club to advance the cause of privatization as a way of "doing something" about the crisis; however, private accounts should appeal only to those who, like Barro, favor them for ideological and not economic reasons...
...made the thorny issue of abortion a talking point at the debate as well. While Bush, who opposes abortion rights, said he would not try to overturn the approval if he was president, he said he was against a culture that accepts more abortions and restated his opposition to partial-birth abortion...
...PAYS WHAT? Medicare would pay all costs for elderly recipients whose income was at or below 135% of the poverty line ($11,300, or $15,200 for couples). There would be a sliding scale of partial subsidies for those with incomes up to 175% of the line. It would cover at least 25% of premiums and all catastrophic costs over $6,000 for all seniors. Bush would also give states $48 billion immediately to provide partial prescription-drug coverage until the plan goes into full effect...
...month premium, with Medicare paying half the bill up to $2,000. That would increase to half the bill up to $5,000 by 2008. Gore's plan would also pay all costs for the elderly who earn less than 135% of the poverty line and partial costs for those between 135% and 150%. All prescription-drug costs over $4,000 would be paid for under the plan for all seniors, regardless of income...
...month premium, with Medicare paying half the bill up to $2,000. That would increase to half the bill up to $5,000 by 2008. Gore's plan would also pay all costs for the elderly who earn less than 135% of the poverty line and partial costs for those between 135% and 150%. All prescription-drug costs over $4,000 would be paid for under the plan for all seniors, regardless of income...