July 7, 2011

IF ONLKY HE WERE INTERESTED IN HISTORIC ACHIEVEMENTS:

Obama's Debt-Ceiling Opportunity: He could do a lot for his re-election prospects by getting more serious about spending cuts. (KARL ROVE, 7/07/11, WSJ)

There's still time for the president to make history's largest debt-ceiling increase a moment when spending is curbed, a debt crisis averted, entitlement programs saved, and a fraying social safety net repaired.

As a liberal Democrat, this could be Mr. Obama's Nixon-to-China moment. He could draw on ideas with fairly broad bipartisan support, including changing the way benefits are indexed for inflation, raising the age at which people start receiving benefits, and modest means-testing. These reforms wouldn't make Medicare or Social Security permanently solvent, but they would put the programs on firmer financial ground for decades. It would be good for the country, to say nothing of Mr. Obama's re-election chances.


Posted by at July 7, 2011 5:25 AM
  

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