It's not surprising that we can't pass a bill to address long-term budget deficits. Effectively all of the growth in projected long-term budget spending is health care costs tied to Medicare benefits. And -- surprise! -- voters really like Medicare benefits. According to a 2010 poll by the Tax Policy Center, three-quarters of Americans think entitlements like Medicare will create major economic problems over the next 25 years. But two-thirds oppose reducing benefits, and more than half oppose raising taxes.
Here's why: Medicare isn't just a good deal for retirees. It's an outstanding deal.