For too long the development debate has ignored the fact that poverty tends to be characterized not only by material insufficiency but also by denial of rights. What is needed is a rights-based approach to development. Ensuring essential political, economic and social entitlements and human dignity for all people provides the rationale for policy. These are not a luxury affordable only to the rich and powerful but an indispensable component of national development efforts.
But I will say, I think there are some Democrats that don't want to address pension reform. I have taken on the issue of seniority and tenure. I think we have to address entitlements and the president has done that in his budget. I think we have to extend Medicare and the president has done that. But also reinvest in that program.
What I want to do with entitlements is to stop the fraud, waste and abuse.
You have to take away some of tax breaks for the wealthy, and you have to cut back on some entitlements. Because, unless we do all of these things, it just doesn't work. And what's good theater and what's good politics isn't necessarily good economic policy.
Firms would be given initial entitlements to gross markup on the basis of past performance. These entitlements would be transferable and a market in them would be developed.
Conservatism is a hard choice for a society that has become accustomed to big government and big entitlements promoted by liberals.
The Democrats generally recoil from the subject of entitlements.
I agree with the idea of cutting [budget], but it should all be coming out of entitlements for the affluent and not out of domestic discretionary, which is welfare, education, all the stuff the government does, parks, FBI, and it shouldn't be coming out of Medicaid.
