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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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