Recorded on April 26, 2011
It's time for common sense; I'm Ernest Istook.
Our government promises a lot to people—so much that there's no money to keep all the promises that reach years into the future.
Even if government taxed high-income earners at 100% of their income, it's not enough.
Those who say Medicare, Medicaid and Social Security must not be changed are promising to write checks that will bounce—hurting the very people they claim to be protecting.
So reform is a tough sell. Yet the public is starting to accept it. A Gallup poll shows 48 percent of the country approves of changing those programs, while 44 percent are not convinced. But although President Obama keeps saying that no major changes are necessary, he's offered no specifics of how to keep the programs solvent.
It's no good for government to promise you a big check, if that check's going to bounce.
For common sense, from The Heritage Foundation, I'm Ernest Istook.