Elizabeth Colbert-Busch on Social Security |
We can start by rooting out waste and fraud, promoting preventative care, and using electronic records to cut red tape. One appalling example of waste can be found in how our Medicare program purchases prescription drugs. Today, Medicare is prohibited from negotiating lower prices from drug companies.
I do not believe that Social Security is a "Ponzi scheme," as some have called it, and I do not support proposals that would privatize it. The program is safe for more than the next 20 years. We should use that time to consider modest changes that will extend its life for another generation of Americans. I would start by looking at changes that would not affect our seniors or those nearing retirement today, but in the long term would adjust Social Security contributions and benefits for the wealthiest Americans.