THIS is the main reason we are going bankrupt.
This was written in 2016:
The CERTAIN Destruction Of Our Nation
https://market-ticker.org/akcs-www?post=231561
“Last year the Federal Government spent $1,417 billion dollars out of $3,854 billion, or 37% of every dollar it spent, on Medicare and Medicaid. This was a 9.3% increase over last year’s expenditure of $1,296,731 (million), all-in.
But inside this figure are even-more damning numbers.
Payments to the health care trust funds were up 13.4% (!)
Spending on CHIP, the plan for poor kids, rose last year by an astounding 56%. While the total spent was only $14.3 billion that rate of rise is utterly astronomical by anyone’s measure.
Don’t believe for a second that administrative expenses are under control, which is a claim often made for Medicare and Medicaid: They were up 32% last year for the primary hospital insurance trust fund. No, that’s not a misprint.
Hospital benefit payments for Medicare? Up 8.4% — the bright spot, believe it or not.
Medicare Part “D” (drugs)? Sit down: Up 26.2% to a total of $95.2 billion.
Folks, at this rate of change within the next four years Medicare and Medicaid will consume just over $2,000 billion a year, or $2 trillion — an increase of $600 billion a year in spending.”
In other words, even in the absence of illegals, medical costs alone will bankrupt the nation. It’s not opinion, it’s math.
Send the bill to Mayorkas, obozo, and Biden.