The Hoax of Entitlement Reform
robertreich.org — It has become accepted economic wisdom, uttered with deadpan certainty by policy pundits and budget scolds on both sides of the aisle, that the only way to get control over America’s looming deficits is to “reform entitlements.” The accepted wisdom is wrong. f anything, America’s safety nets have been too small and shot through with holes. That’s why the number and percentage of Americans in poverty has increased dramatically, including 22 percent of our children. “Entitlement reform” sounds like a noble endeavor. But it has little or nothing to do with reducing future budget deficits. Taming future deficits requires three steps having nothing to do with entitlements: Limiting the growth of overall healthcare costs, cutting our bloated military, and ending corporate welfare (tax breaks and subsidies targeted to particular firms and industries). Obsessing about “entitlement reform” only serves to distract us from these more important endeavors.