Broken Promises: Entitlements

ENTITLEMENT REFORM 2 of 14

PROMISE: Obama Said That He Would Take On Entitlements In His First Term As President

Obama Said “We’re Going To Have To Take On Entitlements … I’d Like To Do In The First Term As President.” OBAMA: “Well, Tom, we’re going to have to take on entitlements and I think we’ve got to do it quickly. We’re going to have a lot of work to do, so I can’t guarantee that we’re going to do it in the next two years, but I’d like to do in the my first term as president.” (Sen. Barack Obama, Remarks During The Second Presidential Debate, Nashville, TN, 10/7/08)


BROKEN: Treasury Secretary Geithner Admitted That The President Does Not Have A Plan To Reform Entitlements

Treasury Secretary Timothy Geithner Admitted The Administration Doesn’t Have A Plan To Fix The Explosion Of The Federal Entitlement Programs. REP. PAUL RYAN: 4 “Because we got 10,000 people retiring every day, and healthcare costs going up…” TREASURY SECRETARY TIMOTHY GEITHNER: “That’s right. We have millions of Americans retiring every day, and that will drive substantially the rate of growth of healthcare costs. You are right to say we’re not coming before you today to say we have a definitive solution to that long-term problem. What we do know is, we don’t like yours.” (Committee On The Budget, U.S. House Of Representatives, 2/16/12)