Word: problem
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...even if we decided that the government’s only job was to manage these entitlement programs and cut all other spending to zero, we’d still only break even—our $12.7 billion of existing national debt would remain unpaid. The magnitude of the problem has become so great that it can no longer be ignored...
...plan put forth by Liebman and his colleagues fixes the Social Security solvency problem without requiring draconian tax hikes or damaging benefit cuts. Moreover, it’s not just an academic proposal: public advocates include a number of Congressional Republicans, most notably and recently Paul Ryan...
...hasn’t this bipartisan, common sense reform been passed into law? Because Democrats in Congress refuse to acknowledge a problem exists and insist on preserving the “sanctity” of the Social Security system, which is code for wanting the problem to be dealt with by tax increases alone. Harry Reid (D-Nev.) called the issue a crisis “manufactured” by the Bush administration and said Social Security will be safe for “50 years,” ignoring the fact that the system will pay out more this...
...Democrats standing in the way of common sense and smart budgeting? We’ll give them the benefit of the doubt and assume they understand the details of the plans. What they don’t seem to understand, however, is the urgency of the problem: Instead of focusing on reforming the parts of the budget that will lead to unbearable costs in the future, Democrats embarked on an ideologically-driven crusade to expand government, exacerbating an already huge budgetary problem by dumping 16 million additional Americans into Medicaid through the recently passed health care bill that actually raises...
...fishing. Japan orchestrated a campaign to defeat the proposal, in much the same way the U.S. did its level best to put the kibosh on emissions reduction at Kyoto some years ago - approaching the conference in bad faith and determined, come hell or high water, not to address the problem. (See "A Move to Save the Bluefin Tuna...