That's the CBO's estimated 10 year cost for the Health care bill that was passed. And the last time they over estimated the cost...never. More likely it will be in the range of 1.5-2 trillion. But assuming they're right, let me put that in perspective. That's enough to fund NASA for 90 years.
Also realize, that is not the total the government is spending on healthcare/medicare/medicaid. That's just the cost of this bill.
And for anyone that is shocked by the 13 Trillion dollar debt our country has amassed, chew on this. That's a phony number. it's actually only a small fraction of our true debt. Including unfunded liabilities (google this, if you don't know what it is) our national debt amounts to more than $60 Billion dollars. What does this mean? a lot of things...but it plane as day means that neither you nor I will receive social security, or medicare. (two of the biggest unfunded obligations.
One more economic nightmare. Social security's "security" over the next 30 years was based on a fund that have been stocked with surplus social security payments over the last 30ish years. Basically the government has been taking more in SS taxes than they were paying out, and investing that money in an account so that when the ballance shifts (as it will) to paying more than they are taking in, they will have a fund to ballance it for a while. It was announced recently that that fund has one thing in it. I bunch of IOU's from the federal government which has "borrowed" that money to help their bottom line in other areas.
I haven't posted in a while. There's a subject I've been mulling over, but have not determined the best way to tackle it yet. I'll be back soon.
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