There Is No Plan

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A Fun Packed Medicare Fact – There Is No Crisis

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I’ll keep this one short and sweet.

Medicare cost the US 3.6% of its GDP in 2010. It’s forecast to go up to 5.5% of GDP by 2035. That’s a 1.9% increase over 25 years.

Or a rise of about $11.4 billion per year in 2010 dollars.

Clearly it’s a crisis (not).

Defense Spending cost the US 3.0% of GDP in 2000 and 4.7% of GDP in 2010, a increase of 1.7% in 10 years.

Or a rise of $25.5 billion per year in 2010 dollars.

That money bought us 2 strategically useless wars and not much else.

Now if we could just make up that pesky 0.2% of GDP or $30 billion…

I know.  We could repeal Obama’s extension of the Bush Tax cuts on the rich.

Problem solved.

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Written by coolrebel

May 25, 2011 at 12:22 pm

Posted in Washington

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