The following is from the website of the Congressional Budget Office (CBO). It very succinctly states the problem that is facing our government. The problem is obvious, the cost of Medicare is unsustainable which means that the real problem we are trying to solve is the cost of health care. It also means that saving money on Medicare by attacking “waste and fraud” and then spending that money on a new government entitlement that will also grow at unsustainable rates based on the cost of health care is not logical.
The federal budget is on an unsustainable path, primarily because of the rising cost of health care and the aging of the U.S. population.
Projected Federal Spending Under One Fiscal Scenario
(Percentage of gross domestic product)
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