The proposed settlement is heralded by some as a major victory, supposedly securing $100 million for the state to use for coastal restoration. In reality, the proposed settlement, if adopted, would yield nowhere near $100 million and divert much of the money it did raise to unrelated government spending. Two key flaws undermine the settlement’s...View Report
As long as Social Security, Medicare, and Medicaid remain intact, our national debt will be perilous. Additionally, any recovery strategy predicated on tax hikes and increased spending will be a failed one.
Medicare spending is growing at annual clip of 7.2 percent, vastly faster than the rest of the economy. Over the next decade, Medicare spending is expected to double, and its unfunded liabilities over the next 75 years are approximately $31 trillion dollars- a number beyond human comprehension.