But I know what should happen if we want to discourage further episodes of political correctness run amok.
Have I missed something?
P.S. It’s probably no coincidence that these displays of government stupidity took place in Maryland. This is the state, after all, that crashed on the Laffer Curve, imposed regulations making it difficult for summer camps to protect kids from sunburn, and considered a law to give bums panhandling permits.
This is a tough question.
I obviously want comprehensive reform of all entitlement programs, so selecting just one is a bit of a challenge. Sort of like being asked to pick your favorite kid.
Would I reform Social Security? That’s a logical choice. It’s the biggest program in the federal budget, so it’s presumably the biggest problem.
But Medicare and Medicaid are growing faster than Social Security and the Congressional Budget Office projects that those two entitlements eventually will become a bigger burden on taxpayers than Social Security.
And since our goal should be to minimize the long-run burden of government spending, that suggests that it’s more important to reform the healthcare entitlements.
But which program should be fixed first?
There’s certainly a strong case to deal with Medicare. The health program for the elderly already is very expensive and it’s going to become even more of a budget buster because of demographic changes.
Moreover, shifting to a “premium support” system would be good for seniors since they would have the ability to pick a plan best suited to their needs. Basically the same type of system now available to members of Congress.
All things considered, though, I would deal first with Medicaid. There are three reasons why I would target the health program designed to supposedly help the poor?
For more information, here’s my video explaining how to reform the program.
I’m not going to cry – or even complain – if politicians instead decide to fix Medicare or Social Security. Just so long as they’re taking steps in the right direction, I’ll be happy.
What I don’t want to see, however, is a gimmicky plan such as Simpson-Bowles that merely papers over the underlying problems for a couple of years. The wrong type of entitlement reform is probably worse than doing nothing.
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