They did attempt to reform SS and got blasted for it. The answer to why now is that we've added so much debt over the last 2-5 years that it is clear that it is unsustainable. SS and Medicare are the 2 biggest sources of spending in addition to the military (and yes they even recommend cuts here). Add to that the demographic bubble and anyone - I mean anyone who isn't looking at reforming this programs (I'm talking to you Harry Reid) is a fool
First, I really do believe that holding onto this outdated notion that lower taxes always causes growth, especially in the current environment, and especially for the very top of the economic ladder, has proven to be unjustified. No one really seems to believe this anymore.
In fact, when I do see this argument being made -- that lower taxes on the wealthy will result job growth -- it is always coming from longstanding business people who themselves even seem unconvinced of it at this point. They say it, because maybe it sued ot be true. But they wince when they say it now.
I rarely see this argument being made by the TPers. Instead, their argument is a fairness argument. Their claim is not that lowering taxes on the wealthy will help the economy, but rather that lower taxes on the wealthy and cuts in spending for the poor is fair because the wealthy deserve to be wealthy and the poor deserve to be poor.
There is almost a Calvinistic attitude out there amongst the far right on such matters. It is disturbing. And I think it is commentary from that wing of the GOP -- which so oddly in my mind seems to be carrying the mood up there in DC at the moment -- that makes me question the motives of the GOP at this point in time.
Your comment at the end that we have incurred all of this debt in the last 2-5 years derails the topic because it makes me want to (properly) point out that the majority of the debt came about prior to 2009. More significantly, if you look at the long term debt issues, those problems have been brewing for decades, if not theoretically speaking since the inception of the programs.
I fully recognize that these issues have to be dealt with. Cuts are inevitable, including cuts that will affect me in 20 years. And I'm okay with that. But I do think that Obama is fundamentally morally and philosophically correct -- the best and fairest way to bridge the budgetary gap is to cut spending AND increase taxes on the very top of the economic ladder.
For one thing, it is politically palatable to do so. The polls clearly show this. Second, it seems to me that a more balanced approach is healthier for the long term economy. Sure, if we had $5 trillion in nothing but spending cuts tomorrow, the stock market would be through the roof. For awhile. But then the effects of those cuts would eventually catch up with us, and probably sooner rather than later. So let's spread the pain, as it were.
Last, you have to ask what we are all about. If its all just a mad rush to accumulating wealth and power, and without regard to a system of government and economy that will look out for the bottom as well as the top, then what's the point? I mean, I respect the likes of Ron Paul because he speaks in terms of unadulterated free enterprise. But the way we are set up, we see time and time again how poorly that works for us, the consequences of it, etc.
I'm not against free enterprise, just like you aren't against maintaining a government-run safety net. The trick is to strike the right balance, and right now the safety net for millions side of the equation is in danger of being run over for the sake of just a few, imo.