Your Take: Elephant in the Room?
Entitlements, that part of mandatory spending that makes up about 40% of the budget and is comprised of Medicare, Medicaid and Social Security, is not addressed in the president's budget proposal that was released today. Neither is it addressed in the House Republicans' continuing resolution legislation unveiled last week. Spending on mandatory programs is projected to grow to nearly $3.5 trillion by 2021 from $2.1 trillion next year. Yet for all the talk of fiscal discipline, no one seems anxious to act on a plan to curb the growth of entitlements. Who should take the initiative?