Jenkins: Can Obama Make Government Solvent?

The Wall Street Journal's Holman Jenkins writes on prospects for entitlement reform under the Obama administration:

Mr. Obama, in his campaign, already has adopted the Bush template for entitlement reform in all but name: Incentivize private savings funded by payroll tax givebacks. Leave it to future presidents to deliver the bad news (which workers already expect) that Social Security and Medicare will increasingly become means-tested supplements to private saving.

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