Obama nudged by LA Times to tackle entitlement reform

Jan. 23, 2013 5:11pm Eddie Scarry

A somewhat unexpected editorial today from the Los Angeles Times, which credits congressional Republicans for offering an olive branch in debt reduction talks by way of their concession on tax increases. It’s President Obama‘s move, the paper says:

Republicans swallowed hard and accepted an increase in tax rates for the highest incomes to start the year. It’s the Democrats’ turn to recognize that federal benefit programs, and particularly healthcare entitlements such as Medicare and Medicaid, are on an unsustainable path despite the savings from the 2010 healthcare law.

Obama should lead a Democratic push for reforms that preserve these programs for those who need them, while also reducing the deficit and stopping the federal debt from growing faster than the economy.

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Comments (1)

@SoquelCreek
Posted on January 23, 2013 at 6:56pm
Please point your browser to the Social Security and Medicare Trustees Report, signed by three Obama Administration Cabinet Secretaries. The warning doesn’t get much clearer when written by bureaucrats. Please allow me to quote, with my emphasis in BOLD.
http://www.ssa.gov/oact/trsum/index.html

“A SUMMARY OF THE 2012 ANNUAL SOCIAL SECURITY AND MEDICARE TRUST FUND REPORTS

Projected long-range COSTS FOR BOTH MEDICARE AND SOCIAL SECURITY ARE NOT SUSTAINABLE under currently scheduled financing and will REQUIRE LEGISLATIVE ACTION TO AVOID DISRUPTIVE CONSEQUENCES for beneficiaries and taxpayers. If lawmakers act sooner rather than later, they can consider more options and more time will be available to phase in the changes, GIVING THE PUBLIC ADEQUATE TIME TO PREPARE. EARLIER ACTION WOULD ALSO HELP AVOID ADVERSE IMPACTS ON VULNERABLE POPULATIONS, including lower-income workers and people dependent on program benefits.”

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