The Next President Must Pass Entitlement Reform

Armey & Kibbe, WSJMedicare reform has risen to the top of the national agenda and will be the defining issue of next year's elections. The outcome of this debate will greatly shape America's fiscal future, because without substantial Medicare savings the budget cannot be balanced. Period.The second largest federal program and the fastest growing—with long-term liabilities in excess of $38 trillion—Medicare now threatens to bankrupt the U.S. government in the next few decades. The window is closing fast on our ability to reform it without touching current retirees' benefits.

Katharine McPhee Katharine Towne Katherine Heigl