PS: While we’re in correction mode, let us note that Medicaid is not really an entitlement. People don’t pay into the program, so they are not “entitled” to a benefit, as they are with Social Security and Medicare. Medicaid is a means-tested welfare program. The poor who get those benefits must pass strict asset and income tests in order to receive a dime, and those tests might get much harder before this year’s budget process is over. So a bit of friendly advice: When talking about entitlements, please take Medicaid out of the mix. That goes for the pols, too.
Click here for more from Trudy Lieberman on Social Security and entitlement reform.