No Kidding: CBO Says Healthcare Costs and Social Security to Bankrupt Budget

John Ransom | September 17, 2013 12:51 PM

I can't even believe that we pay these guys for this. The Congressional Budget Office (CBO) has reported that healthcare costs and Social Security costs are likely to bankrupt the country in the next 25 years.

This from the Associated Press:

A new government study says that federal health care and retirement programs threaten to overwhelm the federal budget and harm the economy in coming decades unless Washington finds the political will to restrain their inexorable growth. The long-term pressures promise to quickly reverse recent improvements in the deficit.

Tuesday's Congressional Budget Office report says that government spending on health care and Social Security would double relative to the size of the economy in 25 years and that spending on other programs like defense, transportation and education would decline to its smallest level by the same measure since the Great Depression.

Hey federales, welcome to the world the rest of us inhabit.

Where you been all this time?

And to think all this time the Republicans have been holding everyone hostage on the debt ceiling.

Geez, we need new leaders.