Posted on 07/22/2011 6:34:42 AM PDT by i88schwartz
"A lot of the spending cuts that we're making should be around areas like defense spending as opposed to food stamps," President Obama told in an interview with NPR.
"What is true is that given the rising number of seniors and given the huge escalation in health care costs, that if we dont structure those programs so that they are sustainable, then its going to be hard for the next generation to enjoy those same kinds of benefits. And so we are going to have to make some modest changes that retain the integrity of the program, but make sure that theyre there for years to come. And thats not even just a deficit problem, thats a step that even if we were all Democrats up here on Capitol Hill, wed have to start making to make sure the integrity of those programs are preserved," Obama also said in the interview.
(Excerpt) Read more at realclearpolitics.com ...
Yes the welfare state will bankrupt us and then collapse the country. We can then try to rebuild from there, but until then, there will be more and more pressure to increase taxes and take money away from defense to keep the Ponzi schemes going.
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