If Congress unveils legislation to reform the health care system that reflects the policies outlined by President Obama, then this would "centralize control over the health care system in Washington." Owcharenko writes that "the chief danger of this approach is that it would directly interfere in the personal health care decisions of Americans." Instead, the author argues, "there is a much...
Spending Surge for Seniors: Medicare and Social Security Total 50% of Budget by 2030
"Half of the entire budget will be consumed by payments for senior citizens by 2030.
In 1970, spending on Social Security and Medicare was one-fifth of the budget (blue portion). This portion has since grown to nearly 37 percent of the budget in 2010; this amounts to over twice spending on defense or 8.4 percent of the country’s gross domestic product. Other spending (red portion), which includes a variety of other mandatory programs (such as federal civilian and military retirement, veteran’s programs, and unemployment compensations) as well as discretionary programs, makes up a decreasing share of the budget in the future."