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
50 years of the Ford Mustang Take a drive down memory lane with our favorite photos of the car through the years. More
Cool cars from the New York Auto Show These are some of the most interesting new models and concept vehicles from the Big Apple's car show. More
8 CEOs who took a pay cut in 2013 Median CEO pay inched up 9% in 2013 to $13.9 million. But not everyone got a bump last year. Here are eight CEOs who missed out. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.