So let us review Mitt Romney’s stand on the issues.
On Social Security: First, for future generations of seniors, Mitt believes that the retirement age should be slowly increased to account for increases in longevity. Second, for future generations of seniors, Mitt believes that benefits should continue to grow but that the growth rate should be lower for those with higher incomes. Not necessarily over the top, but the retirement age is already 70 for full benefits, and an increase would mean that seniors would get less and less for early retirement.
On Medicare: Nothing changes for current seniors or those nearing retirement. Medicare is reformed as a premium support system, meaning that existing spending is repackaged as a fixed-amount benefit to each senior that he or she can use to purchase an insurance plan.
All insurance plans must offer coverage at least comparable to what Medicare provides today. If seniors choose more expensive plans, they will have to pay the difference between the support amount and the premium price; if they choose less expensive plans, they can use any leftover support to pay other medical expenses like co-pays and deductibles. “Traditional” fee-for-service Medicare will be offered by the government as an insurance plan, meaning that seniors can purchase that form of coverage if they prefer it; however, if it costs the government more to provide that service than it costs private plans to offer their versions, then the premiums charged by the government will have to be higher and seniors will have to pay the difference to enroll in the traditional Medicare option. Lower income seniors will receive more generous support to ensure that they can afford coverage; wealthier seniors will receive less support. Competition among plans to provide high quality service while charging low premiums will hold costs down while also improving the quality of coverage enjoyed by seniors. Sounds a little bit like double talk to me.
On Immigration: His policies are similar to most politicans plans, secure the borders, discourage illegal immigration by developing an effective, mandatory employment verification system that will enable employers to be sure that those they hire are eligible to work. This will discourage illegal immigrants from coming to America to seek jobs. And like President Obama, he believes that young illegal immigrants who were brought to the United States as children should have the chance to become permanent residents, and eventually citizens, by serving honorably in the United States military. But he does not believe in Amnesty for Illegal aliens currently in this country because he believes that it acts as a magnet encouraging illegal immigration. The last amnesty law passed in 1986 granted legal status to 2.7 million illegal immigrants. In the decades since, the illegal immigrant population has quadrupled. Mitt believes that an amnesty should not be permitted to happen again. Illegal immigrants who apply for legal status should not be given any advantage over those who are following the law and waiting their turn. Mitt absolutely opposes any policy that would allow illegal immigrants to “cut in line.
Ninety percent of the current illegal immigrant population in this country would not qualify for legal immigration as the rules are written, because they require an immigrant to bring something to the table to gain entrance to our wonderful country, and most of them are less educated than Americans, taking minimum wage and backbreaking labor type jobs. In a good economy, these jobs would be plentiful, but in today’s job market, Americans are taking these types of jobs in an effort to prevent homelessness and starvation.
On the economy: Mr. Romney’s specific plan on the economy so far seems to be to give millionaires a bigger tax break, thinking this will bring about more investment and with it more jobs. He has been suspiciously quiet on this front, maybe not wanting to give away his plan too early, as to keep the Democrats from taking the finer points from it and making them their own. Ronald Reagan espoused a similarly styled plan, as he inherited a recession that dated back to Nixon’s first term, and continued through Carter’s term. By then, the American public was very tired of this recession, and had faith that Reagan would be our savior, and he was, turning our economy around with tax cuts for the poorest people along with halving the top tax rate from 56% to 28% and reducing the capital gains tax.
There are no such available remedies of this nature currently, and all the Fortune 500 companies are sitting on war chests, not wanting to invest until President Obama is out of office, for whatever reason.
So it looks like the day after the election the economy should take off, as no business can wait 8 years to re-invest their profits, but if the Romney-Ryan ticket is elected, it will take off at light speed.
And this is what Romney is saying basically:
Trust me, I’ll take care of you, don’t ask too many questions.
The dress is in the bag.
Article by Jim Donahue