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President Barack Obama seemed to reject entitlement reform in his second Inaugural address Monday, even saying Medicare, Medicaid and Social Security “free us to take the risks that make this country great.”

“We must make the hard choices to reduce the cost of health care and the size of our deficit,” Obama said. “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 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.

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