January 9, 2013
WELL, IT'S NOT REALLY NEW...:
If They Would Just Think Anew (PETER FERRARA, 1.9.13, American Spectator)
The new modern entitlements work far better because, instead of old-fashioned, counterproductive, tax and redistribution, they rely on modern capital and labor markets to provide most of the benefits (dramatically reducing future federal spending in the process). They involve pro-growth incentives for the poor to work, and working people to save and invest for retirement, contributing to economic growth and prosperity for all, rather than dragging the economy down through tax and redistribution. Call it the "supply side" safety net.Conservatives can win promoting such modern, supply-side, entitlement reform, with broad, enthusiastic, majority public support. They may even be able to start enacting some of the reforms in the next four years. But at a minimum, they can start public education and organization now to promote such reform, and lay the groundwork for winning future elections on this basis. And this is how conservatives and Republicans should discuss entitlement reform in the upcoming debt limit/government shutdown battles with President Obama and the Democrats.
...except to those stuck in the First and Second Ways.
Posted by Orrin Judd at January 9, 2013 3:42 PM
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