Another sign that the Bush Administration may push for "entitlement reform" (read: massive cuts to Social Security, Medicare and Medicaid) after the election. From CongressDaily ($$): Federal Reserve Chairman Bernanke today called on Congress to overhaul the nation's "unsustainable" entitlement programs sooner rather than later, framing the issue as one of fundamental fairness between today's population and future generations that could be stuck with paying the bills. Bernanke told the Washington Economic Club the country will be saddled with an aging population, both because of the impending retirement of the baby boomers and increases in longevity that will cause the nation to age even after the baby boomers are gone. Entitlement reform should occur soon, not only because "the longer the delay, the heavier the burden," but because making changes earlier will give future retirees the chance to plan. Reform should also "minimize reliance on deficit spending" in order to enhance saving and reduce the burden on future generations. And the changes generally should also "preserve and enhance" incentives to work and save, he added. Will 2007 be 2005 all over again?