From yesterday’s inaugural speech:

We, the people, still believe that every citizen deserves a basic measure of security and dignity.

That’s so obvious it’s not worth stating. Unless it’s meant to suggest that some heartless people disagree (the GOP?).

We must make the hard choices to reduce the cost of health care and the size of our deficit.

He has made none. Zero.

But we reject the belief that America must choose between caring for the generation that built this country and investing in the generation that will build its future.

First, that’s a false dichotomy. Two, no proposed reform will touch the “Greatest Generation.” Three, the generation that will need to give a little is the Baby Boomers. Four, Obama’s willful racking up of trillions in public debt will hobble the generation that will build its future. We are witnessing generational theft.

For we remember the lessons of our past, when twilight years were spent in poverty, and parents of a child with a disability had nowhere to turn. We do not believe that in this country, freedom is reserved for the lucky, or happiness for the few. We recognize that no matter how responsibly we live our lives, any one of us, at any time, may face a job loss, or a sudden illness, or a home swept away in a terrible storm. The commitments we make to each other – through Medicare, and Medicaid, and Social Security – these things do not sap our initiative; they strengthen us. They do not make us a nation of takers; they free us to take the risks that make this country great.

If a middle class Baby Boomer pays $100,000 over his working life in Medicare taxes, but costs Medicare $140,000, he is indeed taking. And that is precisely the problem that Obama lacks the guts to face.

He knows better.