Gov't must limit aid, speaker says
Long-term solutions to the federal budget crisis will only be found in politically unpopular reforms of Medicaid, Medicare and Social Security, Keith Hennessey, research fellow at the Hoover Institution at Stanford University, said in a lecture in the Rockefeller Center on Thursday. The massive growth in government spending stems from the three programs that comprise 47 percent of spending Medicare, Medicaid and Social Security according to Hennessey. "The big three entitlements are growing so fast that they are completely overwhelming everything else government does," he said. Drastic reforms to entitlement programs are inevitable if the country is to stay fiscally functional, Hennessey said. "The numbers are going to force us," he said.








