Read the following excerpts from a recent article in the WSJ. You should be concerned about what it is saying. And what is that? Well simply that your elected representatives from both parties do not have the guts to tell you the truth or to tackle the problems facing the two largest entitlement programs in the Country. (And down the road the growing liabilities of Obamacare are not far behind).
Not only do they ignore the facts, some of your representatives want to increase benefits before addressing current deficits and liabilities for these programs.
Politicians covet your vote more than doing the right thing and by voting for those who will not address the fiscal problems, you are voting for even bigger problems in the future.
Two words seem to be slipping from the Washington vernacular: entitlement reform.
There was a time, not long ago, when both parties were at least paying lip service to the idea that the Social Security and Medicare entitlement programs—their long-term solvency in peril, their contributions to long-term deficits and debt daunting—needed to be adjusted before they either broke the bank or failed future retirees.
Now a combination of factors has blunted the reform drive. Declining short-term deficits, the salve of slower increases in health costs, the sheer failure of repeated attempts to find bipartisan common ground on changes, traditional Democratic reluctance and the growing dependence of Republicans on senior citizens’ votes all reduce Washington’s interest in tackling this toughest of problems🔻🔻🔻
🔻🔻🔻Yet the need isn’t going away; it simply has slipped out of sight for now 🔻🔻🔻
🔻🔻🔻Still, the nonpartisan Committee for a Responsible Federal Budget says in its analysis of the new budget that it “does far too little” to slow long-term entitlement costs. The plan “does almost nothing to address Social Security and too little to slow healthcare cost growth, the drivers of rising long-term debt.”🔻🔻🔻
🔻🔻🔻Perhaps that waning enthusiasm stems from the fact that the Republican Party is growing ever more dependent on older voters, who are the most jittery about entitlement changes, even when assured they won’t be personally affected🔻🔻🔻
🔻🔻🔻In any case, both parties, which a few years ago seemed driven by record budget deficits to the water’s edge on the subject of Medicare and Social Security changes, now don’t seem particularly inclined to take a dive into those shark-infested waters🔻🔻🔻
🔻🔻🔻Meanwhile, here’s the long-term picture, as seen in the projections contained in a new analysis from the Congressional Budget Office: Social Security will rise in cost by 77% during the next decade, and Medicare by 89%, under current policries🔻🔻🔻
🔻🔻🔻Meantime, the federal government’s bill for paying interest on the accumulating national debt will more than triple. Good luck getting any other domestic initiatives funded in that environment🔻🔻🔻
🔻🔻🔻The need for sustained discussion and tough decisions to reduce the long-term cost of Medicare and Social Security is as real as ever, and the cost of avoiding it continues to rise🔻🔻🔻