Beltway Confidential

Why the Obama deficit approach won’t work

By Philip Klein
Published September 19, 2011 4:00am ET
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Why the Obama deficit approach won’t work
This morning, President Obama proposed confronting our long-term debt crisis with “modest adjustments” to Medicare and Medicaid, as well as higher taxes. But in reality, even if tax revenues were raised to record levels, we’d still need to make significant changes to entitlement programs to put to the nation on a sustainable fiscal path. Just […]

This morning, President Obama proposed confronting our long-term debt crisis with “modest adjustments” to Medicare and Medicaid, as well as higher taxes. But in reality, even if tax revenues were raised to record levels, we’d still need to make significant changes to entitlement programs to put to the nation on a sustainable fiscal path.

Just so I won’t be accused of misquoting Obama, here’s what he said:

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Philip Klein