I don’t think it’s too late, but we’re getting dangerously close…
Europe’s relatively slower growth, higher unemployment, decreased standard of living and increasing civil discontent are precursors to what we’ll experience in the United States if policy makers continue to ignore excessive entitlement spending, or attempt to merely pay for it by increasing tax rates.
But, Rep. Paul Ryan has stepped forward from the crowd to offer a comprehensive reform proposal that would put entitlement programs on the path to solvency and long-term sustainability by encouraging personal responsibility and independence. Love it or hate it, Ryan’s Roadmap for America is a courageous start.
There’s been a lot of talk among conservatives regarding entitlement reform and Ryan’s Roadmap, but is anyone listening? Will anyone in the 112th Congress be willing to take on the one issue that promises to destroy the country if we ignore it?
We will never be able to balance the federal budget or significantly decrease the deficit until congress commits to the unpopular task of tackling entitlements.
Entitlement reforms will hurt, no doubt about it. But, this is one can that can not be kicked down the road any farther. Demand that it not.