Time for Presidential Leadership on Entitlements

As a candidate in 2008, Barack Obama said he'd like to reform entitlements in his first term. We're still waiting. Here are 6 simple reforms for Social Security and Medicare: http://herit.ag/TxPk90

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  News & Politics

[Ray Hinkle]

Why should intelligent people believe this president? I draw a distinct comparison to the Nazi takeover of the German Republic in 1930's. Media complicity, propaganda, turns this kind of statement into "Well just couldn't get it done because of those terrible hate mongering, class dividing, Republicans". This battle is not about just the budget. We need to be looking down the road a ways and understand that this President is only interested in permanently transforming American.

[AreThereNoMoreNames]

Military spending pales in comparison to entitlement spending. And we're not really taking anything away from the poor by not providing government-subsidized handouts, we're probably keeping more people poor by taking money out of an otherwise functional economy to pay people who aren't producing wealth. If that money was in free circulation, many of the poor would be self-sufficient.

[Joe Price]

CRACK SMOKING IDIOT

[Crash Froelich]

Didn't he characterize Bush's deficits as unAmerican? This clown lies with every ess that whistles through his teeth. He knows what to say, he simply doesn't mean it.

[Jalu3]

Another failed promise of President Obama; boggles the mind why the Nation reelected him.

[David Mamanakis]

The entitlement base is who elected the president. They are the ones who have found, as Benjamin Franklin warned, that they can vote themselves money out of the treasury.

There will be no real change. The Democrats believe that CAPITULATION is the same thing as COMPROMISE.

When they finally do come up with a plan, even the CBO will tell us just how bad it is. As with everything else: Obamacare? $900 billion, oops, now up to $1.8 trillion, oops, now up to $2.8 trillion...

World Of Hurt.

[shalcall]

The funniest thing about this video is that in 2008 conservatives and other economic charlatan (I'm looking at you Peter Schiff) said that at any moment our debt would cause a fiscal crisis where interest rates would sore and the dollar would collapse. They said it would probably happen within the year and most definitely within 2 years if we didn't cut cut cut now now now.

It's been 4 years. Where's the hyperinflation? Where are the high interest rates?

[shalcall]

Have you seen the leaders in the Republican party who have never stopped talking about taking from the poor? I believe that their last presidential candidate, the one that lost, campaigned on cutting benefits for the poor.

[shalcall]

Wow, there is so much ignorance in that statement I don't know where to begin. So for 2011, National Defense was about 20% of total outlays. That's more than chump change.

Medicare and Social Security was about 32.5% of all federal spending. But tell someone that's paid SS tax and Medicare for the last 47-49 years that they're taking a "handout" when they get their social security check.

The next big ticket item are veterans benefits at 16.5% of federal spending. you want to cut that?

[victoria delacy]

No leader should be talking about taking from the poor who are already barely surviving as it stands today. In the first term he withdrew the formerly automatically provided annual Social Security cost of living increases while prices for food were doubling and gasoline prices rising, too yet at the same time his white house staffers received in the first few years of his administration a whopping 48% raise putting many in the six figure income bracket. Not fair! Protect the poor instead.

[Omar Yo]

He's spent.....

[Omar Yo]

The wars in Iraq and Afghanistan cost an approx. average of $150b per year over 11 years. This amid a budget that averaged over $3 trillion per year. Federal pensions are now at $212 billion per year.... Anytime taxes are raised, whether on the rich, poor, or middle class in any denomination, the poor suffer the most. Leaving the money earned in the private sector is better for everyone. No matter how hard government tries to balance economic scales, the poor always suffer the most in the end.