Skip to comments.CBO: Entitlements, ObamaCare To Make Up 53% of Federal Spending
Posted on 02/06/2013 9:47:25 AM PST by Olog-hai
According to projections from the Congressional Budget Office (CBO), entitlements and ObamaCare spending will comprise 53 percent of all federal spending over the coming decade, totaling $24.9 trillion.
In its updated Budget and Economic Outlook report released on Tuesday, the CBO projects that Social Security will account for $11.149 trillion in spending from 2014 to 2023 while federal health care entitlements, including Medicare, Medicaid, and ObamaCare, will spend $13.85 trillion. (That total includes TRICARE, CHIP, and other spending listed by the CBO under healthcare.)
ObamaCares insurance subsidies, exchange costs, and other spending are expected to cost the government $949 billion over the next 10 years. Medicare is expected cost $8.1 trillion while Medicaid is expected to cost $4.4 trillion.
(Excerpt) Read more at cnsnews.com ...
Here's question :is all this automatic spending like SS and medicare, or is some in the CR(or a budget) like medicaid is?
Well there’s the tipping point. No coming back from this....
After all, what have those parasite veterans done for us, anyway?
Don’t expect any economic “turn around”, it ain’t happenin’.
Expect a crash, an aftermath, and if the Lord tarries, a rebuild.
What with defunding our military, cutting their pay, not securing our borders, giving money, weapons and artillery to our enemies and the overwhelming legislation and Executive Orders that have been signed (just to name a few of the many things this govt has done and is doing), it goes without saying this government is working bass-ackwards when it comes to the Constitution:
Powers delegated to U.S. (National) Government:
(1) Exclusive powers
(1) To lay and collect import duties.
(2) To pay the debts of the U.S. Government.
(3) To regulate commerce with foreign nations and Indian Tribes.
(4) To regulate commerce among the States.
(5) To regulate immigration.
(6) To establish a uniform rule of naturalization.
(7) To establish uniform laws on bankruptcy throughout the United States.
(8) To coin money and regulate its value and that of foreign coin, and to issue bills of credit.
(9) To provide for the punishment of counterfeiting the securities and current coin of the United States.
(10) To fix the standard of weights and measures.
(11) To provide and regulate postal services.
(12) To establish protection for intellectual property, including patent, copyright, and trademark rights.
(13) To constitute lower national courts.
(14) To define and punish piracies and felonies committed on the high seas, and offenses against the laws of nations.
(15) To declare war, authorize warlike activities by other than the armed forces, and make rules concerning captures.
(16) To raise, support and regulate the armed forces.
(17) To govern what part of the Militia shall be employed in the service of the United States.
(18) To exercise general Legislation over federal ground, which is limited to federal territories and districts, land purchased from states with the consent of their legislatures, U.S. flag vessels on the high seas, and the grounds of U.S. embassies abroad.
(19) To guarantee a republican form of government to the States.
(20) To enter into a treaty, alliance, or confederation with a foreign state.
(21) To declare the punishment for treason.
(22) To prescribe the manner in which the acts, records, and judicial proceedings of each state shall be proved to other states and what should be done about them.
(23) To admit new states into the Union.
(24) To make laws necessary and proper for executing the powers delegated to the U.S. government.
(2) Pre-emptive but non-exclusive powers
(1) To provide for the common defense and general welfare.
(2) To provide for calling forth the Militia to execute the laws, suppress insurrections, and repel invasions.
(3) To provide for organizing, arming, and disciplining the Militia.
(4) To prescribe the times, places and manner of holding elections for members of Congress, except the places for electing senators.
(5) To conduct a census every ten years.
(3) Non-pre-emptive non-exclusive powers
(1) To lay and collect excise taxes on commerce or income taxes on persons.
(2) To borrow money.
The money they are stealing is going to them.
That’s before single payer kicks in.
I expect the government to take over the health care sector well before the end of the decade.
Let’s channel Hillary to answer your question
Maybe we should re-send that report to Congress that spelled out the $BILLIONS wasted in multiple layer of bureaucracy and duplicated departments/programs.
Not that it would matter as ‘the world’ cries when the rate of increase in ‘slashed’ vs. actual CUTS