the retirement age slowly which makes a little bit of sense for people as for medicare changes on that front, too. not for existing recipients but future recipients what they would like to do is make minor changes. tweak it a bit. they would like to do a voucher type system where they would buy private insurance on the government different priechs on this one, too. it is about keeping the program solvent. you wouldn t have to use the vouchers you could go with the current system option as well. and docks. romney would like to do away with some of the regulations that have been stifling the economy here. he would like to make the environment a little more streamline and modern. do away with the regulations he feels are choking economic growth. he will have a different take on how they handle investment income as well. he would like to eliminate tax
of the way they re trying to reduce that trust deficit that they have when it comes to medicare. clearly, just the very sentence of saying, $716 billion from obama care is taking that from medicare, that s just a flat-out lie, because the next part they don t tell you is he s taking that money in savings to then put it back into the program to reduce costs, increase efficiencies and make the program solvent for a longer period of time. they don t tell you that piece. and to stop waste and fraud. they don t tell you that piece. the numbers don t add up, because now mitt romney is saying i ll put that 716 back in, but not being honest about what that $716 billion really is in the first place. dana, isn t it risky to play with something as serious and sensitive to medicare when you look at most voters, including republicans, by the way.
for, raise the taxes on the rich. if you got rid of bush tax cuts, that s a huge part of it. so celinda, i saw at the very end of president obama s speech, he threw in a line about how if we could reform taxes, we could actually lower them. i was like, no, no, don t do that, listen to the american people. is there a chance that the democrats will make that mistake? i think there is a chance that we will be all too policy oriented and too much in the weeds. and let s take social security for a second. if all we did was do away with the cap, which the average american doesn t even know exists, because only 6% of americans make more than $106,000, hey, you don t have to pay social security taxes over $ $106,000s. the majority of americans don t even know that s true. if we took that cap off, we would have the program solvent for decades. so there are things we can do. we re not drawing the line and saying changes, there are good changes and bad changes. and let s not forget, the best wa
transfer in the political will to do it. we ll see whether or not that is the case. i don t expect or necessarily want this to be the only proposal out there . somebody else has the way to get to the end of making the program solvent without increasing taxes i would like to see it. president obama doesn t believe that system is the real problem to the deficit. what do you say to that? it is not the only problem. i yeah go with him to that extent. but it doesn t mean that we don t need to address it we have serious problems when we look at long-term sustainability of social security. when you look forward in terms of moving through the process, what is the biggest tumblingg block going to be as you try to work out a compromise with the other side. inertia we deal with in washington and moving through congress and getting people to think not in the hort term but
this, watching it play out, right below him. and we will be joined by him just momenting from now, very big developments on the streets in cairo. what s it all mean? we ll take you there in a moment. bill: now to our decifit, how to get it under control. he says he wants to save social security from going bankrupt. and lindsey graham, the republican out of south carolina today proposing a bold new plan to keep the program solvent. he wants congress to raise the retirement age from 67 to 69. what about that, dana perino? former white house press secretary and fox news contributor. how you doing dana? good morning to you. bold idea or predictable idea? it s one that s been around for a long time. but bold, to put it out there, because it is any time you want to talk about social security, it seems politically unachievable and you can get hit for it but i think it is the right thing to do at this time. one of the things democrats will tell you today, we re not facing a crisis immediat