“When adopted,” then-Senator Joe Biden stated, “it will provide Congress with an essential tool for reviewing the need for Federal programs.”
When asked what they would do about fixing entitlement spending, with just a few exceptions, the current presidential candidates quickly retreat into clichés.
This year’s Medicare Trustees’ Report once again found the system in trouble. Because of a new law, however, the President now has to do something about it.
When it comes to federal spending, it’s become Christmas all year.
New Hampshire Senator’s bill would impose caps and other common sense tools to bring spending under control.
“Each of the three main entitlement programs – Social Security, Medicare, and Medicaid – are very different in both goal and design, and need to be examined and reformed individually, even if all of the reforms come as part of a larger deal or package. ”
The former Wyoming Senator talks about the politics of the moment and why the plan he coauthored with Erskine Bowles represents the best hope of reducing the debt before it is too late.