A. Sullivan v. Reality On "Entitlement Reform"
Now we see the real struggle for the soul of this administration. Obama wants to tackle the insolvency of the big three entitlement programs: Medicare, Medicaid and Social Security. These three programs, especially Medicare, will destroy the fiscal future, unless we pare them back now. . . . The GOP will have to accept some tax hikes and the Dems will have to accept some entitlement cuts.
What makes the projections you actually see so scary is the assumption that “excess cost growth” in health care will continue — that is, health spending per person will continue to rise at close to 2 percent faster than GDP per capita. . . . So if excess cost growth in health care can be brought under control, the entitlement problem is manageable. If not, even savage cuts in Social Security will make little difference.
(Emphasis supplied.) Who you gonna trust on this, Krugman or a Sully the Don Luskin fan? I'll go with Krugman.Speaking for me only
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