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Obama to address entitlements in first term?
January 07th 06:35:36 PM

Encouraging news from the New York Times:

Changes in Social Security and Medicare will be central to efforts to bring federal spending in line, President-elect Barack Obama said on Wednesday, as the Congressional Budget Office projected a $1.2 trillion budget deficit for the fiscal year.

“We expect that discussion around entitlements will be a part, a central part” of efforts to curb federal spending, Mr. Obama said at a news conference. By February, he said, “we will have more to say about how we’re going to approach entitlement spending.”

Curbing spending is much better than increasing payroll taxes, as I'm sure at least the nearly 60% of young people who want to opt out of Social Security would agree.

Posted by Ryan Lynch


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