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WSJ: Medicare spending to surge

February 26, 2008

Today’s Wall Street Journal is reporting, “Government spending on health care could nearly double by 2017 to more than $2 trillion.” This could bring about a crisis in America. Ankarlo has spent time this morning talking about a reboot. And we need one. For the first time in history, the budget of the United States has surpassed $3 trillion dollars. In just 9 years the government will take $2 trillion dollars out of everyone’s pay checks just to pay for health care. That $2 trillion total doesn’t include defense spending, infrastructure repairs, and the millions of other things we as taxpayers spend.

Last month, the USA Today reported that each senior in America gets over $27K in benefits per year. Thirteen thousand some from social security benefits, while the rest is in health care benefits. Keep in mind, the baby boomers haven’t retired yet.

I hate to say this, but I think we are at a major crossroads in this country. The government can’t keep doling out entitlements. They are never free. Hillary Clinton and Barack Obama are promising universal, free health care for us. Americans fall for it. Where does all the government’s money come from? Working Americans.

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