Monday, July 17, 2017

Health Care Will Bankrupt the Nation | Economics21

Health Care Will Bankrupt the Nation | Economics21:
"After doubling to $20 trillion since 2009, the national debt is now projected to soar to an unfathomable $92 trillion over the next 30 years.
Image result for Health Care Will Bankrupt the NationAt that point, depending on interest rates, between 60 and 100 percent of all individual income taxes will go towards paying the interest on this debt.
What is driving the federal budget into bankruptcy?
Health care spending.
The problem is not tax revenues (they will continue growing above historical averages), nor other spending programs (Social Security is the only other major category growing as a share of the GDP).
Rather, health care is devouring the budget..."
Read on!

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