« Don't Stand So Close To Me | Main | The Unbearable Lightness Of Ned Lamont's Honesty »
After Treasury Secretary Henry Paulson's maiden speech focused on the critical need for entitlement reform, done on a bipartisan basis, we hoped that this would prompt a new dialog on correcting the bloated programs to stave off the impending finanical crisis they will cause. Today's Washington Post editorial scolds the Democrats for rejecting this promising start for Paulson:
YOU MIGHT THINK that a call from the new Treasury secretary for reform of entitlements would get a respectful hearing from Democrats. If entitlement programs are not reformed, they will squeeze out other spending programs that Democrats care about; they will create a budget crunch that no responsible party could want. But some Democrats do not appear to understand this. Yesterday an e-mail sent out on behalf of Nancy Pelosi, the House minority leader, dismissed Henry M. Paulson Jr.'s comments on "privatizing" Social Security, adding that this policy has been "soundly rejected by the American people." ...[T]he idea that the American people rejected Mr. Bush's plan is only half true. The president failed to get traction not least because Democrats were doing their best to scare voters into thinking that their retirement checks would be confiscated.
Pelose wants nothing to do with entitlement reform, rejecting even the thought of discussing it on a bipartisan basis. This ignores the coming burden even if no new benefits get added to Medicare and Social Security. Entitlement spending under current rules will increase the cost of these programs from 8% of GDP currently to 17% of GDP in 2060 -- which is almost the same level as the entire federal budget today.
Democrats apparently don't want to solve problems; they just want to blame and complain. This demonstrates just more of the same. Pelosi and her party want to grab control of Congress with no plan to deal with the largest financial issue facing the United States. If the Republicans have not been perfect on budget and spending -- and they have been far from it -- at least they have the courage to address the problems and try to reach solutions.
Sphere It View blog reactionsTrackback Pings
TrackBack URL for this entry is
Listed below are links to weblogs that reference Run Away!:
» "Bearded Malaise In 2010" Campaign Kicks Off from Political Satire Fake News - The Nose On Your Face
In what can best be described as an attempt to move their party back towards the political center, the Democrats today announced the Castro-Carter 2010 initiative, which is quickly becoming known as the Bearded Malaise ticket. Howard Dean, Nancy Pelosi, [Read More]
Tracked on August 4, 2006 2:30 PM
» Whistling Past The Entitlements Graveyard from Hard Starboard
Newly minted Treasury Secretary Henry Paulsen's kick-off speech took the imperative need for entitlements reform head-on. The Democrats' response was the typical indignant ostrichism - so overpoweringly irresponsible that even the WaPo op-ed page cou... [Read More]
Tracked on August 7, 2006 9:10 PM
captain*at*captainsquartersblog.com
My Other Blog!
E-Mail/Comment/Trackback Policy
Comment Moderation Policy - Please Read!
Skin The Site
Hugh Hewitt
Captain's Quarters
Fraters Libertas
Lileks
Power Line
SCSU Scholars
Shot In The Dark
Northern Alliance Radio Network
Northern Alliance Live Streaming!
Des Moines Register
International Herald Tribune
The Weekly Standard
Drudge Report
Reason
The New Republic
AP News (Yahoo! Headlines)
Washington Post
Guardian Unlimited (UK)
New York Times
Los Angeles Times
OpinionJournal
Pioneer Press
Minneapolis Star-Tribune
MS-NBC
Fox News
CNN
Design & Skinning by:
m2 web studios
blog advertising
- dave on Another National Health Care System Horror Story
- brooklyn on Hillary Not Hsu Happy
- rbj on Hillary Not Hsu Happy
- Robin S on Requiem For A Betrayed Hero
- Ken on Hillary Not Hsu Happy
- Robin S. on Requiem For A Betrayed Hero
- RBMN on Hillary Not Hsu Happy
- NoDonkey on Another National Health Care System Horror Story
- Robin Munn on Fred Thompson Interview Transcript
- filistro on When Exactly Did Art Die?