IN August 2000 leading Democrats got together and produced the Hyde Park Declaration. Among other things the Democrats pledged to confront the fiscal problems that big entitlements will face in the future and to deal with the fact that their continued growth will bankrupt the programs. They also pledged to "honor our commitments to seniors". And they pledged to find a way to contain future costs acknowledging that Social Security and Medicare needed to be modified to reflect realities not envisioned when the programs were created.
Bill Clinton also stated that there should be greater emphasis on people creating their own wealth and their own retirement for the future. In fact the impending crisis in Social Security was one of the reasons given at the time for no new tax cuts.
Now these same Democrats claim there is no problem and so far have refused to offer any ideas for reform. Other than the usual raising taxes.
History did not begin when Bush took office and it will not end when he leaves office. The problems confronting the entitlement programs, once the baby boomers retire, could destroy the programs for future generations if not dealt with.
The question is, is government up to it? Or will we be like France? And once my generation retires and creates the largest voting block on Social Security in the nation's history...will it be too late?
Monster of the Day #1003
8 minutes ago