This week Obama said entitlement programs will be "a central part" of his Administration's effort to control federal spending. (Interestingly, these remarks at a press conference are not in prepared statements on the Obama transition website.) Clearly, Medicare and Medicaid are underfunded, but Social Security needs, at most, a minor tweak and is probably just fine for the long term with no changes in funding or benefit formulas, according to Bruce Webb and Barkley Rosser. So why did he say it?
Not to worry. Obama's a fixer, not a transformer. Bruce Webb explains it all at Angry Bear.