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Video: Fix Our $43 Trillion Entitlement Problem First

Posted By Marguerite Bowling On September 25, 2009 @ 11:55 am In Economics | Comments Disabled

Although the United States does have a huge deficit problem we can’t afford not to fix, the Obama administration is focusing on the wrong aspect in trying to create a new federal health program. Congress needs to address spending for Social Security, Medicare and Medicaid — all programs that have existed for decades — that is primed to explode.
Long-term excess costs for Social Security and Medicare alone: $43 trillion. When added to the national debt, that is about $184,000 for every man, woman and child in America. We should focus on reforming¬†existing ¬†federal health programs so they’ll be sustainable for generations to come. Here’s what Heritage’s Alison Fraser has to say.

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URL to article: http://blog.heritage.org/2009/09/25/video-fix-our-43-trillion-entitlement-problem-first/

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