[chrisk]

The problem with big deficits now is the looming structural deficits of Social Security and Medicare. In the post-WWII era, Social Security was still collecting assets and Medicare did not yet exist. Reagan pushed through a Social Security "fix" in 1983 that has saved it for over 25 years, but Republicans long ago lost religion on fiscal responsibility.

[chrisk]

The problem with big deficits now is the looming structural deficits of Social Security and Medicare. In the post-WWII era, Social Security was still collecting assets and Medicare did not yet exist. Reagan pushed through a Social Security "fix" in 1983 that has saved it for over 25 years, but Republicans long ago lost religion on fiscal responsibility.