We blame politics, always say Washington is all dysfunctional. They’re responding reasonably efficiently to what the American people want, which is to take the future’s money and spend it on ourselves.
And so what we are looking at, the next generation, according to the IMF, is going to have one-third fewer benefits and one-third higher taxes if we act now.
If we wait five years, it will be 50 percent more taxes, 50 percent fewer benefits. It is just terrible for the future generations. So I do think it starts with the American people. Nonetheless, I do blame everyone else, too, including us, I guess.
But I would blame the Republicans for saying they want to control spending, talking of beating their chests about it, but they don’t have a strategy, because they don’t actually have the guts to propose spending cuts. And so they talk about the debt, the debt, the debt for years and years. They finally have a chance to propose some actual reforms.
They can’t do it, because they think it would be unpopular. And then to criticize the president, I think he could have given a speech laying out exactly where we are as a country, rally public opinion behind the need to do something.
And, for Democrats, I would say, you want to pretend you’re — you want to protect valuable programs, Head Start, early childhood, well, Medicare is basically eating away at all that.