STATEMENT: On reports that entitlement reform is "on the table" in budget negotiations
"...entitlement reform should be part of the solution to America’s deficit challenge..."
July 07, 2011
“Third Way has long argued that entitlement reform should be part of the solution to America’s deficit challenge. Not only will it put us back on a sustainable fiscal path, reform will save and strengthen our social safety net. We applaud the President’s willingness to do the right thing and lay hands on the “third rail” of American politics.
Some on the left will attack the President for putting Social Security and Medicare fixes on the table, but without action these programs will eventually crowd out our ability to invest in America’s future and force us to default on our promise to provide for tomorrow’s seniors. Postponing reform indefinitely is not an option, and to delay is not progressive.
The President is taking a step vital to any negotiation – offering a reasonable path to compromise on priorities dear to him. It’s time for Republicans to follow suit by abandoning their unreasonable opposition to closing tax loopholes.”
