…the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run.
…rising costs for health care and the aging of the population will cause federal spending to increase rapidly, under any plausible scenario.
...almost all of the projected growth in federal spending, other than interest payments on the debt, stems from the three largest entitlement programs, Medicare, Medicaid, and Social Security.
...Federal spending on Medicare, Medicaid, and Social Security will grow relative to the economy, both because health care spending per beneficiary is projected to increase and because the population is aging.
Director, Congressional Budget Office
If federal budget figures indicated Medicare Part D, would cost more than $1.2 trillion between 2006 and 2015, while some repetitively proclaimed the program would not cost more than $400 billion over ten years, how much could a $1 trillion health care bill actually cost?
You shall do no unrighteousness in judgment,
in length, in weight or in measure.
Leviticus 19:35
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