On Tuesday, Sen. Mitch McConnell, R-Ky., blamed Social Security, Medicare and Medicaid for the countrys $1 trillion deficit.
In President Trumps first full fiscal year in office, the U.S. budget deficit has ballooned by $779 billion, or 17 percent, signalling U.S. spending is out of control.
So naturally, its the fault of programs that benefit the poor, sick and elderly not the $82 billion increase in military spending, not the tax cuts that are expected to add another $1 trillion to the deficit over the next decade, and certainly not that $70 billion wall.
If things dont change, were on a path to carry a $2 trillion deficit, which adds substantially to our debt the money needed to cover years of excessive spending to $21 trillion and rising.
Whats the big deal? We have to pay interest on that money. Economists project U.S. interest payments alone will triple over the next decade, from $315 billion to $914 billion, severely reducing the available funds to, yes, provide for entitlement programs.
McCONNELL SAYS the rally, Medicare for all, where the federal government would pay for every Americans health insurance is anathema to being fiscally conservative. But when the numbers are parsed, total healthcare spending would be less, according to the Libertarian think tank Mercatus Center, which we used because it seemed the least partisan.
How so?
(1) Private businesses and self-employed individuals would be off the hook for securing health insurance;
(2) Because everyone would be insured, an estimated 30 million who currently fall through the cracks would be covered, meaning fewer catastrophic expenses, and,
(3) With the government at the bargaining table, as with Medicare and the Veterans Administration, the price of prescription drugs would be cheaper.
The United States remains the only rich country in the world not to provide universal care. A full 12 percent of Americans lack health insurance, a heavy burden on health outcomes. Despite the exorbitant cost of health care in the United States, average life expectancy here is no better than that of eastern European, precisely because the poor are precluded access, especially in states that have not expanded Medicaid, of which Kansas has that ignominious honor.
McConnell and his ilk go apoplectic at the thought of universal health care and the benefits it would provide, saying they would break the bank.
Wherein lies the hypocrisy.
Dare anyone mention our military budget, and how at $675 billion a year it far exceeds the combined military budgets of the next seven biggest spenders China, Russia, Saudi Arabia, India, France, United Kingdom and Japan and were confirmed traitors.
How is it well gladly pay for more-than-necessary armaments, but cant find the compassion to take care of our elderly or needy?