Obama can save entitlements through reform - but will he?

  @FortuneMagazine July 25, 2013: 7:18 AM ET
EAS12 obama entitlements
(Fortune)

The White House is pouring millions of taxpayer dollars into its public relations campaign to build public support for -- and understanding of -- Obamacare. Imagine what a fraction of that effort might do if directed at educating voters about the dangers of exploding entitlement costs. Here's what a newly enlightened public might learn:

--We haven't "fixed" the federal debt. It's true that sequester-mandated cuts -- combined with Fannie Mae and Freddie Mac's $131 billion payback to the Treasury and a slightly better economy -- have improved the short-term outlook. But while the debt as a share of the economy will drop over the next four years, it will start to rise again after 2018, reaching 85% of GDP by 2030 -- and then swamping the size of the economy at 136% by 2050 and 248% by 2080, according to estimates by the nonpartisan Committee for a Responsible Federal Budget (CRFB).

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