Predicted August 2nd 2008
20) A huge push to gut entitlements in 2009, no matter who is president. Even if the US quickly pulls out of Iraq, the deficit will be totally out of control, and hundreds of billions will be needed for bailouts. A rapid consensus will form that rather than increasing taxes significantly on the rich, or slashing expenses like the military R&D and equipment appropriations budget, that the real problem is people retiring at 65, poor people getting Medicaid and old folks who aren’t destitute receiving Medicare.
I think I got this one wrong, given the consensus forming for a large stimulus (assuming the Republicans don’t kill it.) We’ll see, but I’ve tentatively marked it wrong.