Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

14 of 15
BACKNEXT
Reform Social Security and Medicare
Name: Howard Butler, 56
Profession: Radiologist
Location: Palm Beach, Fla.

"After working in a hospital for more than 15 years, I went off on my own in 2003 to build Davinci Diagnostic Imaging. I sold the building in January 2008.

I've worked hard, and I've seen this country lose its way. If the Framers could see what's going on, they wouldn't roll in their graves - they'd spin. We should get people to invest instead of penalizing them.

I hope Obama's tax incentives will go to growth instead of just being put in people's pockets. The Big Three automakers have themselves to blame, so I'm not in favor of a bailout. Obama should give people and businesses a two-year tax credit equal to the price of any American car up to $40,000, to be purchased in 2009.

But the really big issues are Medicare and Social Security. It's time to call it an entitlement program.

Phase out people 50 and younger; grandfather in those already on SS and Medicare; Phase out people between the ages of 55 and 65, proportional to the years toward their promised benefit; replace the current payroll tax with a pay-as-you-go tax for the needy, based on net worth and income qualifications.

Means testing, including net-worth testing, is the only way to rectify this mess. Let's stop taking money from people who are working to pay for these programs we can no longer afford." - as told to Julianne Pepitone

NEXT: Fix the housing debacle
Last updated April 29 2009: 6:43 AM ET
More Galleries
13 hottest tech gifts under $100 Some of the hottest products of the year cost well under $100, from gaming consoles and VR headsets to drones. More
14 gifts gamers would actually want Whether you're shopping for a Pokémon GO fan or someone who owns every console ever made, we've got holiday shopping recommendations to suit everyone from beginners to the most discerning gamer. More
14 coolest toys for the holiday season Our list of must-have toys includes a self-hatching interactive pet, a coding toy for toddlers and a high-tech Barbie Dreamhouse. More

Special Offer