Posted on 09/04/2024 6:37:28 AM PDT by daniel1212
In 2023, major entitlement programs—Social Security, Medicare, Medicaid, Obamacare, and other health care programs—consumed 50 percent of all federal spending.Soon, this spending will be larger
According to recent numbers we are spending $2.78 Trillion on Health Care.
We take in about $450 Billion in Medicare Taxes, the rest is borrowed.
To balance the budget on Healthcare each one of us would need to pay about $6000 a year in Medicare taxes, that doos not include income Taxes.
Now Kamala Harris wants Medicare for all so then we would need about $12,000 per person in Medicare Taxes, i.e. approximately a $14 Trillion dollar budget.
If she got all the giveaways and extras she wants we would be looking a an increase in the National Debt in 4 of between $15 and $20 Trillion, that does not include Reparations.
We cannot afford for Healthcare Costs to go to 25% of GDP, in reality our costs should be about 5% of GDP.
Interest on the Debt on the Budget is about $1.2 Trillion, Defense Spending about the same and $2.78 Trillion Healthcare.
All you have done is pay everyone going before you, You and I are not owed a thing.
Yeah we’re sucker’s. No argument there.
I just heard RFK, Jr say soon half the budget will be going to the federal debt. Sounds bad.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.