The Corner

No Matter Who Wins Tonight, Tough Choices Will Have To Be Made

This chart illustrates one of the nation’s biggest fiscal challenges. It is based on the Congressional Budget Office’s long-term spending projections. Colored segments represent the relative contributions of Medicare and Medicaid, Social Security, and other spending to the overall composition of long-term federal outlays. According to these data, entitlement spending over the next 50 years will grow at 1.4 percent annually, twice the historical rate of growth in government spending. As you can see in the chart, Medicare and Medicaid are on track to grow so fast that they will soon squeeze most other spending out.

What this chart tells us is that, no matter who’s elected today, it is vital that programs like Social Security, Medicare, and Medicaid be reformed Medicare and Social Security. If they aren’t, we will witness a massive transfer of wealth from the relatively young and poor in the country to the relatively old and wealthy. Here are some ideas about how to reform Medicare and Social Security — I would favor a more radical approach to reforming these programs, but I am be happy to concede that reforming the programs today beats doing nothing. 

Medicaid must be reformed too. The program has become one of the biggest budget items in most states and its size continues to growit encourages bad decision-making from state lawmakers and is riddled with inefficiency, waste, and abuses without delivery a proper service to the truly poor in America. Here are some ideas about how to save Medicaid. 

Veronique de Rugy is a senior research fellow at the Mercatus Center at George Mason University.

Most Popular

The Need to Discuss Black-on-Black Crime

Thomas Abt’s book Bleeding Out (2019) has garnered a fair amount of attention for its proposals to deal with gun violence in mainly black urban neighborhoods. The entire focus of the book is on interventions in high-crime locations to stem the violence, including: hot-spots policing, working with young males at ... Read More

The Need to Discuss Black-on-Black Crime

Thomas Abt’s book Bleeding Out (2019) has garnered a fair amount of attention for its proposals to deal with gun violence in mainly black urban neighborhoods. The entire focus of the book is on interventions in high-crime locations to stem the violence, including: hot-spots policing, working with young males at ... Read More
U.S.

First, Restore Order

Doing evil in the service of a just cause does not change either side of the moral equation: Evil remains evil, and the just cause remains just — neither consideration cancels out the other or transmutes it. With riots and violence convulsing American cities after the horrifying death of George Floyd at the ... Read More
U.S.

First, Restore Order

Doing evil in the service of a just cause does not change either side of the moral equation: Evil remains evil, and the just cause remains just — neither consideration cancels out the other or transmutes it. With riots and violence convulsing American cities after the horrifying death of George Floyd at the ... Read More
Politics & Policy

Is It Revolution?

I knew I was tempting fate a week ago when I said that the coming nomination of Joe Biden and the COVID-19 pandemic had put America’s politics on chill during this election year. Little did I know that days later we’d be making analogies to 1968. The killing of George Floyd by a Minneapolis policeman moved ... Read More
Politics & Policy

Is It Revolution?

I knew I was tempting fate a week ago when I said that the coming nomination of Joe Biden and the COVID-19 pandemic had put America’s politics on chill during this election year. Little did I know that days later we’d be making analogies to 1968. The killing of George Floyd by a Minneapolis policeman moved ... Read More