Spending Money We Don’t Have On Things We Don’t Need

Healthcare entitlements are doing far more damage than we can sustain.

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On December 24th 2009, the controversial Healthcare bill ‘The Affordable Care Act’, better known as ‘Obamacare’, was passed by the senate on a partyline margin without a single Republican vote. The ACA has been one of the largest entitlement programs in US history, costing a total of roughly 100 billion dollars per annum (110 billion in 2016). If we stay this course we’ll be looking at a sum of just over $1,340,000,000,000, or about a third of what we’ll spend on our military program in the same period. Over the 2013 and 2014 year, Medicaid (The practically free healthcare coverage) increased in coverage roughly 5%, and continues to incline at a slower but still consistant rate.

You might not consider any of that outrageous, nothing worth dying for I think its fair to say. Well lets take a look at a new proposal, being put forward by everyone’s favourite Presidential Candidate and Senator; Bernie “Income Tax Philanthropy” Sanders. Senator Sanders has preposed a new healthcare bill to accompany his still potential administration, and its horrifying. If you think the ACA was bad, you’ll love this. The decade expense is, get this, $32,000,000,000,000. Thats right, it will literally double our federal spending.

 

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Duke University study indicates cost may be higher than previously predicted.

 

The effect that this new Socialist healthcare bill would have is astonishing. Our nations debt as of me writing this is a whopping $19,855,900,000,000. This number is growing at a rate far faster than we can manage, with no visible way to balance the debt. But these are rookie numbers. During Obama’s two terms, he added an average of $1,250,000,000,000 per year. Forget that, throw on an additional $2,000,000,000,000 per annum and you’ve got the Bernie Sanders fiscal policy. Bear in mind all this is discounting all the massive programs Sanders has proposed, whether it be his proposals on pensions, social securities, and free education.

‘So what?’ you may be asking. After all we can just tax it out of the millionaires and billionaires right? It won’t effect me, the common man. Well no, you see, if you decided to tax 100% of every individual making over $1,000,000 per year, you wouldn’t even have the finance required to run this administration’s government for any more than 4 months. Double the expenditure to account for Bernie’s administration and you’d be lucky to have a ‘Social welfare weekend in Vegas’.

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