We must secure our health and retirement benefit programs both for current beneficiaries, who will receive the benefits they've planned their retirements around, and for future generations, who will inherit stronger programs they can count on when they retire.
Unless savings are captured and put right back into their respective programs, the solvency of the Social Security, Medicare and Medicaid programs will continue to weaken. I believe that we should be paying more attention to the integrity and solvency of Medicare and Medicaid, with a particular emphasis on fighting health care fraud in the field, increasing Medicare and Medicaid auditing, and strengthening program oversight.
Ignoring this problem only makes the solution more painful for future generations of taxpayers and retirees. We must explore ways to avoid massive tax increases and benefit cuts, provide permanent solvency for the program, stop raiding the Social Security trust fund for spending on other government programs, maintain the program's important safety net, and improve the current return on Social Security investments.
Updated July 25, 2011