Local Newspaper Editorial—Tough fiscal talk is cheap

Posted by Kendall Harmon

...while President Obama has presided over an unprecedented federal spending spree, he's far from the first White House occupant to run up big debt numbers while insisting that he's moving toward lowering them -- eventually.

He's also not the first politician caught between contradictory public demands of lower spending and higher benefits. A Washington Post-ABC News poll released last week reports that 78 percent of Americans oppose cutting Medicare spending, and 69 percent oppose cutting Medicaid.

Yet even most liberal Democrats, including the president, concede this indisputable point: America's long-term debt crisis will never be solved without containing the soaring costs of Medicare and Medicaid.

Read it all.

Filed under: * Economics, PoliticsEconomyCredit MarketsCurrency MarketsThe U.S. GovernmentBudgetThe National DeficitPolitics in GeneralHouse of RepresentativesOffice of the PresidentPresident Barack ObamaSenate

Posted April 27, 2011 at 4:46 pm [Printer Friendly] [Print w/ comments]
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