The only point of skepticism I see is this paragraph:
Obama will pledge to veto any cut in entitlements that does not also include increases in tax revenues.
I would really like to see a much stronger statement than that, because it makes it sound too easy to cut Social Security, Medicare, or Medicaid.
Incidentally, I was talking to a friend of mine about kids the other day, and he talked about having an idea of grandparents raising kids instead of the parents. The main goal of that was so that people would have seen more about how to be a parent by watching their own parents raise their grandkids before they had to raise their own grandkids. It's an interesting idea, but the reason I bring it up was that he lamented how that would be almost impossible to work because of the disintegration of the nuclear family.
I mentioned that if current Republican plans are allowed to come to fruition, most people would be unable to afford to retire (around half of all retirees live on Social Security alone), and would have to be supported by their kids. That would force the parents to move to be close to their kids once they were unable to (or close to unable to) take care of themselves. The other factor in that is the ongoing destruction of the middle class by shifting all money upwards.
That will also help to ensure that people will need to take care of their parents when they get old.
I leave it as an exercise to the reader to figure out whether that's a good thing or not.