The budget conference that was the only real achievement of last month’s debt-limit deal should address skyrocketing spending on programs like Social Security and Medicare, Heritage Foundation economist Romina Boccia explains in the National Interest.
“Lawmakers know that the most popular government programs are also the ones driving spending and debt to crisis-levels,” she writes. “Yet many of them refuse to publicly acknowledge the problem, let alone act to solve it.”
Failure to reform and strengthen these programs threatens to saddle future generations with more spending and more debt and to squeeze key federal obligations like national defense, she warns. “Inaction is a sure way to American decline.”
Do you think the budget conference will propose meaningful reforms?