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As the 2008 Presidential Elections are approaching in the United States, it is important to consider what each of the candidates are offering, proposing to do to revamp the backbones of the country’s retirement and health systems, such as social security, medicare, taxes, etc. This newspaper article gives a roundup of the stand taken by some of the candidates regarding these issues.

The president elected this year will play a crucial role in shaping the direction of these systems at an important moment in the history of the nation, as Boomers start retiring. A review of the candidates’ stand reveals some interesting proposals such as basing the social security benefits on the inflation rate rather than the wages, raising income tax exemption limit to $50,000 for seniors, writing new laws to prevent companies from reneging on their pension promises to abolishing the current system of federal taxes and implementing a simplified fair tax or use tax system, socialized health care, etc.

Also, be sure to visit candidate’s website to review their stand on health, retirement issues in detail before you decide on whom to vote for.