At which point, I suppose we can just print more money — or tax the rich, so that they don’t get to keep all the filthy money they made using roads and bridges built by the government, having graduated from public schools and taking advantage of their free educations.
The racist bastards who never ever pay their fair share.
Under current law, federal health care spending is on pace to exceed all discretionary spending by 2016, according to the Congressional Budget Office (CBO).
The change is due to large increases in Medicare and Medicaid spending and added spending under the Affordable Care Act (Obamacare) over the next decade, a feat the Tax Foundation calls a “truly unprecedented and scary” scenario.
The nonpartisan tax research group analyzed recent CBO projections of the budget for 2012 to 2022, finding that over the next decade Medicare spending will increase from $550 billion to $1.064 trillion, while Medicaid would more than double from $253 billion to $592 billion.
In addition, new exchanges and subsidies under Obamacare will force mandatory healthcare expenditures to grow from $25 billion to $181 billion in 2022.
“In total, healthcare entitlement spending is due to more than double, from $828 billion this year to $1.837 trillion in 2022,” according to the Tax Foundation.
“This means healthcare spending will overtake all discretionary spending in 2016 – Obama’s last year in office if reelected,” the group said.
“This would be truly unprecedented, and scary, since discretionary spending represents the basic functions of government, including defense, law enforcement, roads, etc.”
Hear that? Roads. Roads. And law enforcement. And roads. Yet here you thought Elizabeth Warren was some sort of economic illiterate or communist when she told us all that we owe our successes to government.
Reading this, I’d say she — and the President — have been vindicated! In fact, first they gave you roads, now they’re giving you health care. Why so freakin’ ungrateful?
We said good day, sir!
(thanks to TerryH)
You can work your ass off to make $60,000 a year, of which 2/3rds will go back to the State. Or you can pretend to some sort of disability, sit on your ass all year, and collect $30,000 in State money.
I don’t see how this could possibly go wrong.
If they stuck to defense, law enforcement, and roads (you know, those pesky enumerated powers), we wouldn’t be broke.
“At which point, I suppose we can just print more money — or tax the rich, ”
We don’t even have to do that. Those are attempts to deal with it even if they are ineffectual. In reality all we have to do is not mention it for fear of being called racist and then blame Bush, the rich, and corporations when it collapses.
Republicans are the stupid party. The democrats are the shameless crazy violent mob with a fanatsy party.
It’s a shame no one saw this coming! I’m sure the Dems wouldn’t have voted for this if they knew this, or if they had read the whole bill, right? Just ask Bart Stupak.
Government is …
…here to help you?
(Psycho shrieking violin strings play)
Clue: Obama in the White House with a homicidal nanny.
I dream of a future where we are all teachers, police, and firemen. In this wonderful world, we all get to retire with our $100,000 or more pensions as teachers, police, and firemen roam the streets, looking for someone to educate, cite, or put fire-out-of.
What’s that? This dream world obviously collapse without corporations to support it? You obviously don’t know Math*.
Now enjoy your road, citizen.