From forbes:
“The combined unfunded liabilities of Medicare and Social Security—the federal health care and the pension programs for the elderly—are $107 trillion, seven times the current GDP. Meanwhile, Medicaid, the joint federal-state health insurance program, is consuming on average 21% of state budgets, their single biggest ticket item even before ObamaCare dumps another 16 million people into the program, expanding the Medicaid population by 25%. Beyond that, state and local government have promised their employees a trillion dollars more in pension and other benefits than they have funds to deliver. “
Well, there you are. Impossible to pay for.
“their single biggest ticket item even before ObamaCare dumps another 16 million people into the program, expanding the Medicaid population by 25%.”
These are highly optimistic numbers for Forbes ;-)
Even if Forbes has a ballooned estimate 500%, it’s still too darn expensive for a government to handle.