Posted in Uncategorized on July 17, 2009|
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Well now we’ve seen it.
On pages 425-430 of the President’s health care reform bill we learn that seniors who are admitted to a nursing home are counseled about of end of life care. They – usually frail, weak and defenseless – are bamboozled by the government worker to admit to not wanting “extreme” measures for such a silly thing as staying alive.
But the good news is there is care provided for illegal aliens because they will soon be able to vote whereas old, sick people die.
If you love an aging person – protect them; vote Republican.
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Yesterday afternoon, the Director of the Congressional Budget Office, Douglas W. Elmendorf (whose bio can be found here), posted on his blog that “the federal budget is on an unsustainable path”. This information was relayed to the US Senate through direct testimony to the Senate Budget Committee. You can find the whole post here.
But central to the testimony is the following chart which shows Federal Debt as a percentage of GDP:
Keeping deficits and debt from reaching these levels would require increasing revenues significantly as a share of GDP, decreasing projected spending sharply, or some combination of the two.
His comments on the two existing Government Health Care plans for the General population – Medicaid & Medicare – are particularly enlightening:
For decades, spending on Medicare and Medicaid has been growing faster than the economy…
In CBO’s estimates, the increase in spending for Medicare and Medicaid will account for 80 percent of spending increases for the three entitlement programs [Medicaid, Medicare, and Social Security] between now and 2035…
In other words, the Government’s existing health care plans have been growing too fast, which clearly leads to asking how anyone can believe that adding a third “public option” would decrease healthcare costs (short of rationing, of course).
So a simple question, given that under current law, the budget is unsustainable, how can adding $1-2 trillion to cover ~8 million chronically uninsured Americans and adding $1-2 trillion for cap-and-trade and increasing taxes on wealth generation and spending another $1 trillion on a second “stimulus” make the budget any more sustainable?
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