This article originally appeared in Regulation. Click here to read the rest of the article.
By Ike Brannon
Writing about our nation’s entitlement problem can be a bore. Anyone who is paying attention and not wearing political blinders is already aware of the problem, and there is no shortage of economists, former politicians, and other public policy mavens who have endeavored to tell the masses how much trouble we face if we do not fix this problem at once. Former comptroller general David Walker has made it his mission in life to inform the world that the sky is falling, although in such an unctuous way that most people immediately turn him off. To be fair, the intricacies of the topic lead to an eye-watering gaze.
There are two different think tanks in Washington, D.C., devoted solely to producing op-eds, position papers, and conferences on the topic, and there is not a day that goes by without a sober analysis of the problem coming from someone. So do we really need another book on the subject? This one we do. Eugene Steuerle has something new to say on the matter. His message—laid out in a precise and engaging manner—is that liberals, who normally are loathe to tinker with our cherished entitlement programs, have the most to lose from allowing the problem to continue metastasizing.