About the Author

James C. Capretta

James C. Capretta

New Atlantis Contributing Editor James C. Capretta is an expert on health care and entitlement policy, with years of experience in both the executive and legislative branches of government. E-mail: jcapretta@aei.org.


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James C. Capretta’s Latest New Atlantis Articles

 Health Care with a Conscience” (Fall 2008) 

 Health Care 2008: A Political Primer” (Spring 2008) 

 The Clipboard of the Future” (Winter 2008)

 

 More on James C. Capretta

Text Patterns - by Alan JacobsFuturisms - Critiquing the project to reengineer humanity

Monday, March 26, 2012

The Reform Vision of the GOP Budget 

I have a new column up at CNN on the new GOP budget proposal:

The budget proposal introduced by House Republicans on Tuesday is much more than a series of numbers on a spreadsheet -- it's a vision for reforming the key pillars of the American social contract in the 21st century. In that regard, it's very different from the vision put forward by President Obama in his budget plan from a month ago, which emphasized preserving the status quo with another round of tax hikes.

The central economic problem of coming years is how to update the nation's largest entitlement programs so that they are sustainable and available to future generations of Americans.

The Congressional Budget Office projects that spending on Social Security, Medicare and Medicaid (plus the new 2010 health care law) will increase from about 10% of the nation's total economic output this year, as measured by gross domestic product (GDP), to nearly 16% in 2035. Historically, the government has collected about 18% of GDP in revenue. Thus, if the entitlement programs remain on autopilot, there will either be nothing left in the budget beyond transfer payments, or government taxes will have to soar.

The whole piece is available here.

posted by James C. Capretta | 1:09 pm
Tags: budget
File As: Health Care