Georgia Senator Johnny Isakson called for structural reforms of the country’s entitlement programs at a Senate Finance Committee hearing with Health and Human Services Secretary Kathleen Sebelius held on Thursday. At the hearing, Isakson said,
The actuarial clock is ticking on our country in terms of debt and deficit, and all of us, in both parties, are going to have to sit around a table and talk about some very difficult discussions. One of those are going to have to be reforms to entitlements.
If we continue to promise more than we can deliver, and don’t reform the system, one day, the game is going to be up and the American people are going to be left holding the bag.
Senator Isakson also expressed concern about the federal government’s ability to pay for the expanded Medicaid program called for under Obamacare. As the law stands, the 100% of the cost of expansion will be paid for by the federal government for the first three years, then step down to 90%. Governor Deal justified not expanding Medicaid in Georgia because of the same concern.
View the exchange with Secretary Sebelius below the fold.