Defiant Biden Vows a Return to the Campaign Trail
A Convention for the Ages
Confirmed: Secret Service Director Will Testify
We Haven't Seen This in Decades
WaPo: Why Didn't Parents of Hamas Hostage Mention 'Israel's Assault on Gaza' in...
Speculation Over Biden Exiting the Race Grows Even Stronger After New Report About...
Russian Court Sentences WSJ Reporter Evan Gershkovich After Sham ‘Trial’
Ford Scraps Plans for Canadian EV Plant in Favor of Pickup Trucks
Why Did the US Marshals Service Delete This Post?
The Biden Campaign Seemed Rather Upset Trump Didn't Mention This One Specific Thing...
Does This Statement Mean Biden Is Staying in the Race?
Polls Show Considerable Uncertainty From Democrats on Biden Dropping Out
U.S. Border Patrol Stopped a Border Smuggling Operation in This Unlikely Sector
NBC News Decided That This Would Be the Opportune Time for a Live...
WSJ 2024 College Ranking Takes Campus Diversity Into Account
Tipsheet

The Need for Medicare and Medicaid Reform, in Charts

The CBO has some interesting data visualization out today that highlights how the federal government is spending money. There's information on revenues, discretionary spending
Advertisement
, mandatory spending, and food stamps. All interesting, but the most revealing is mandatory spending.

Check out the incredible increase in mandatory health care spending, driven almost entirely by Medicare and Medicaid. Since 1991, health spending by the federal government has gone from under 3% of GDP to over 6%. Compared to these programs, Social Security is almost a blip on the radar.

Reform of the way (and the sheer amount) that the federal government spends on health care is absolutely necessary. This is why Rep. Paul Ryan has become a star in the GOP - he recognizes the fiscal crisis facing us is the most important public policy problem of our time. More than that, he takes it seriously, developing plans that would put us on a road to fiscal sanity and even working with Democrats in an attempt to build a coalition strong enough to pass reform legislation.

Advertisement

Ryan's own charts show, in perhaps starker contrast to the CBO's high-gloss creations, puts into simple terms what faces the nation - and remember, this is largely driven by the massive increases in spending that Medicare and Medicaid are going to rack up in the next few years.

With progressives happy to push increased spending on education, infrastructure, poverty, health care, insurance, and seemingly everything else under the sun, remember: there's basically not enough money in the world to pay for what we already have. Reform is needed, and reform is necessary.

Hat tip: CRFB

Sponsored

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement