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View Diary: Obama in weekly address: Congress must act now to stop sequester (99 comments)

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  •  Why Is He Still Talking Entitlement "Reform"? (0+ / 0-)
    I believe we should work together to build on the more than $2.5 trillion in deficit reduction we’ve already achieved. But I believe we should do it in a balanced way – with smart spending cuts, entitlement reform, and tax reform. That’s my plan.
    Cutting the federal deficit is not an accomplishment. The deficit that matters is the trade deficit. Cutting that deficit could be achieved if we worked on it. That would bring additional well-paying jobs to the U.S. and increase wages.

    People get entitlements because they are entitled to them: either because they paid in (as with Social Security and Medicare) or because they are rendered poor by the economy. Changing the rules doesn't make these people any less entitled and it doesn't deal with the problems these programs were intended to solve.

    Why did over 40% of seniors live in poverty before Social Security? It isn't because they wanted to. It's because without some rules to guide the market it would crush them.

    President Obama needs to rethink how he's approaching this. He should never have started on the spending cut/tax cut bandwagon.

    But then, neither should any of the other Democrats.

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