EDITORIAL: Big budgets prompt loud critics, but no one talks about entitlement reform
The president is correct that more dollars need to be invested if America has any hope of overcoming these big challenges. But the president is woefully mistaken if he thinks
The president has handed the gift of distraction to his Republican critics. Because of this budget, no one will talk about the elephant in the room: entitlement reform.
Expect no shortage of speechifying about the tax-and-spend, big-budget
They'll get no argument from this newspaper. Deficits pass to future generations the burden of paying for the services Americans are enjoying today. And yes, the bigger government gets, the more inefficient and wasteful it becomes.
Politicians will point a finger at others and promise that if you only vote for them, these spendthrift ways will end. Believe them at your peril.
The truth is, scores of expensive, top-priority problems need to be addressed immediately. Yet two-thirds of the budget is already spoken for because of mandatory entitlements such as
All those other important priorities that politicians talk about -- taking care of our veterans, improving K-12 education, boosting border security or fixing the nation's decaying roads system -- must be handled using a measly 13 percent of the budget, according to
For all the grandiose promises that politicians from both major parties make about fixing what's wrong, the simple truth is that there's not enough left to accomplish what needs to be done.
Until
For all their talk of austerity,
So be wary of politicians selling snake oil. If they don't have a plan for entitlements, they're a part of the problem, not the solution.
___
(c)2016 the St. Louis Post-Dispatch
Visit the St. Louis Post-Dispatch at www.stltoday.com
Distributed by Tribune Content Agency, LLC.


Long Island University Announces 67th Annual George Polk Awards In Journalism
Bill Seeks To Clarify Kentucky’s Unclaimed Life Insurance Law
Advisor News
- CT governor’s candidates claims: What’s true, and what’s misleading
- Retaining clients by giving them a memorable experience
- Addressing the longevity paradox
- Employers shift focus from retirement access to financial outcomes
- Helping widowed clients navigate their new financial reality
More Advisor NewsAnnuity News
- Symetra and TIAA Announce Launch of Mariner Re
- Jackson Launches Suite of Fixed Index Annuities Focused on Accumulation
- Farm Bureau P&C insurers post first underwriting gain since 2021
- Legacy Marketing, Malibu Life launch two fixed indexed annuities
- Changing client priorities are reshaping annuity conversations
More Annuity NewsHealth/Employee Benefits News
- Employers adapting benefits to support caregivers
- AM Best Assigns Credit Ratings to TMHCC (CI) Insurance SPC Ltd.
- Building trust in a more complex Medicare Advantage market
- Access Health CT opens health plan enrollment for 2027
- Cost of employer-sponsored health insurance plans rises again, nonpartisan survey finds
More Health/Employee Benefits NewsLife Insurance News