Peter Ferrara: Federal Entitlement Reform Next Up for Congress
After Congress passed tax reform in 2017, entitlement reform is the next big reform lined up in 2018. Heartland Institute senior fellow Peter Ferrara talks with research fellow Jesse Hathaway about what Congress can do to make work pay off for Americans.
Joining a talk show in December 2017, U.S. House Speaker Paul Ryan (R-WI) said House Republicans will reduce spending on Medicare, Medicaid and welfare programs in 2018, tackling the federal deficit before it worsens.The Heartland Institute’s own Peter Ferrara, a senior fellow for entitlement and budget policy, joins the podcast to talk about how Congress can achieve that goal, making entitlement programs more efficient and less expensive.
Federal entitlement spending—such as Social Security, Medicare, and Medicaid—will soon consume as much as 45 cents out of every dollar spent by the government, crowding out other spending and driving up taxes.
By tackling entitlement reform sooner rather than later, Ferrara says, Congress can ensure the truly needy are being helped, while keeping taxpayers’ burdens low.