Obama Promises Bid to Overhaul Retiree Spending By JEFF ZELENY and JOHN HARWOOD
WASHINGTON — President-elect Barack Obama said Wednesday that overhauling Social Security and Medicare would be “a central part” of his administration’s efforts to contain federal spending, signaling for the first time that he would wade into the thorny politics of entitlement programs.
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Mr. Obama also was poised to name Cass R. Sunstein, an American legal scholar, to an existing White House post as the administrator of the Office of Information and Regulatory Affairs. A transition official said late Wednesday that Mr. Sunstein would oversee government regulations and devise new approaches for government efficiencies.
<http://www.nytimes.com/2009/01/08/us/politics/08obama.html>
Before the trust fund is expected to be spent, there will be time for another cycle of bubble/bust/bailout or four. Yet retirees must face fiscal constipation, while Wall Street faces nudges?
Shane