Democratic hypocrisy on GOP entitlement plans
DURING President Joe Biden’s State of the Union speech, he got booed after accusing “some” Republicans of seeking to “sunset” some of the socalled entitlements. Biden said: “Instead of making the wealthy pay their fair share, some Republicans … want Medicare and Social Security to sunset. … Anybody who doubts it, contact my office. I’ll give you a copy. I’ll give you a copy of the proposal.”
It is true that President George W. Bush set up a bipartisan commission to address the long-term problem with Social Security solvency. Their 2002 report proposed allowing workers to devote a portion of their contributions to a private account to invest, for example, in the stock market for a better rate of return. It is also true that Bush abandoned the plan after Democrats denounced it as a “risky” scheme to “privatize Social Security.”
But it is equally true that both Democratic Presidents Barack Obama and Bill Clinton called Medicare, Medicaid
and Social Security — without reforms — “unsustainable.” As for Biden, as senator in 1975, he proposed re-examining every federal program. In a floor speech, he said, “One thing that we must do is to begin reviewing existing programs to determine whether they are still effective and whether they are worth the money that we are putting in them. We must eliminate the wasteful ones.” Awkward.
Obama set up a bipartisan “federal deficit commission” that made several recommendations. About its final report, ABC News wrote: “The president had tasked commission co-chairmen Erskine Bowles and Alan Simpson with devising a plan to reduce the deficits and redirect the country from its ‘unsustainable’ fiscal path. … To dig the country out of debt, the plan put forth by the panel today calls for drastic changes such as raising the Social Security retirement age, making cuts to Medicare and doubling the federal gas tax.”
As for Clinton, he too set a bipartisan commission to tackle the entitlement problem. The 1993 panel “went well beyond the topics of Social Security and Medicare and lumped together everything that might be considered an ‘entitlement’ — from welfare programs to the home mortgage interest tax deduction to the cost of federal civilian and military retirement. Its goal was to devise a package of proposals which would reduce the overall cost of all of these programs. …
“The two co-chairs of the commission developed their own Social Security proposal, which featured raising the retirement age to 70, a cut in the Social Security payroll tax, with the money redirected into mandatory private accounts.”
Were those Democratic presidents, both of whom established commissions on entitlements, seeking — to use Biden’s characterization — to “sunset” these programs?
The federal budget devotes about half of its spending to “entitlement” programs: Social Security, Medicare, Medicaid and Obamacare. Then there is income security, which includes general retirement and disability insurance; federal employee retirement, disability and military retirement; unemployment compensation; housing assistance; nutrition assistance; foster care; Supplemental Security Income; and the earned income and child tax credits. Throw in national security and interest on the debt, and there’s almost nothing left.
Both Republican and Democrat presidents concede that without reforms, these programs are “unsustainable,” yet members of both parties attack reform as “risky” and “irresponsible.”
Meanwhile, the clock keeps ticking.