Put simply, the status quo entitlement programs will be a disservice to their intended beneficiaries, feed the bloated debt bomb, and fuel an economic disaster. Reform of entitlement programs must be the number one issue.
So, one would expect that entitlement reforms would be at the center of the debt-ceiling negotiations. Wrong.
Instead, raising the debt ceiling is imperiled. President Obama will only talk about raising taxes when revenues are the furthest from the issue at hand. Raising taxes will not solve the problem, and President Obama has already proven it. His 2012 budget contained all the tax increases his imagination could muster. The result? A debt spiral and predictable crisis inside of one decade.
Entitlement reform is off the table and the focus is on a tax strategy that is a proven failure.
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