If I needed confirmation that President Barack Obama is tied to the Wall Street-connected think tank Third Way, I would have that confirmation today. Interestingly, in the Third Way publication “The Case for Taking Up Entitlement Reform“, the following are considered “entitlements”–FICA- funded Social Security and Medicare, Medicaid, and federal employee pensions. I found the President’s statement bracing, yet I was not surprised; he is governing as a liberal Republican anyhow.
I do not believe for a second that cutting these programs will allow time to focus on the items that he mentioned. How can you move to cut spending from the lower income classes, and then have the audacity to use that you will be able to add spending with insufficient revenues? This idea is unwise and fantastical.
A quote at his July 15 press conference appears to have been strongly influenced by a Third Way publication (emphasis for comparision purposes).
And so that’s where I’d have a selling job, Chuck, is trying to sell some of our party that if you are a progressive, you should be concerned about debt and deficit just as much as if you’re a conservative. And the reason is because if the only thing we’re talking about over the next year, two years, five years, is debt and deficits, then it’s very hard to start talking about how do we make investments in community colleges so that our kids are trained, how do we actually rebuild $2 trillion worth of crumbling infrastructure.
If you care about making investments in our kids and making investments in our infrastructure and making investments in basic research, then you should want our fiscal house in order, so that every time we propose a new initiative somebody doesn’t just throw up their hands and say, “Ah, more big spending, more government.”
It would be very helpful for us to be able to say to the American people, our fiscal house is in order. And so now the question is what should we be doing to win the future and make ourselves more competitive and create more jobs, and what aspects of what government is doing are a waste and we should eliminate. And that’s the kind of debate that I’d like to have.
Here’s a quote from a Third Way publication “The Case for Taking Up Entitlement Reform” (compare with bolded words above).
Winning the economic future depends on progressive public investments—in innovation, children’s health, education, pure research, teen pregnancy prevention, space exploration, medical research, infrastructure, school lunches, and the arts and humanities. But left on autopilot, the nation’s budget will be swamped by entitlement and debt obligations that will crowd out everything. Scraps will be left for defense and domestic discretionary spending to fight over, and we know who wins that battle.