"To answer my friend why the Republicans have not done anything to fix these entitlements nor our national debt which tags along with them. The same reason Democrats have not. Everyone likes their seats of power in Washington. The quickest way to lose that seat is to be a truth teller on this issue."
Okay - I will bite. One of my loyal followers has thrown his hat in the ring to ask why spending is not being addressed by this fairly new Administration. In particular, entitlement spending. Those who have read my blog posts for a while know that this is a burr under my saddle and have addressed it many times. So I will address it once more.
Social Security, which has become knit into our society is a different program than when it was set up. It truly was a "safety net" in the beginning. When it was established as part of FDR's New Deal, life expectancy in this country was not that great. Making it to 65 was very good. So, a fund was established to help those who made it to 65 and had precious little savings. It was to keep old folks from becoming impoverished. Plus, with most people having scads of kids back then, the number of workers kicking in to support very few worked out from a math standpoint.
Today however, the math does not work out that well with Social Security. Nor with it's sister program which came about during LBJ's Great Society - Medicare. Our demographics show an aging population with fewer and fewer people having large families (or some having none at all). The warning bells have been going off about these two programs for just about my entire adult life. And nothing has been done by either party. Why? The needle has been in the arm for too long. They have both gone from a "safety net" to full fledged defined pension retirement programs. To even suggest a cut in growth is political suicide.
Now one would think, that after seeing what budget wreckers these two programs which came out of two historic periods in our history have been, we would have learned our lesson. Nope. Barack Hussein Obama came up with his own legacy called the Bad Deal. The Bad Deal, better known as ObamaCare has just thrown gas on the fire. Just like with Social Security and Medicare, this program is also unsustainable. The difference is the first two programs have been slow motion train wrecks while the demise of ObamaCare has been as fast as a plane crash.
Bad news never gets better with age - it only gets worse. There is no Occam's Razor fix for this entitlement problem. In fact, the fix would be so difficult, so painful, both parties would rather put if off for another day.
To answer my friend why the Republicans have not done anything to fix these entitlements nor our national debt which tags along with them. The same reason Democrats have not. Everyone likes their seats of power in Washington. The quickest way to lose that seat is to be a truth teller on this issue.