And it certainly doesn’t.
“CBO projects that if current laws do not change, federal spending on major mandatory health care programs will grow from roughly 5 percent of GDP today to about 10 percent in 2035 and will continue to increase there-after. Those projections include all of the effects of the recently enacted health care legislation, which is expected to increase federal spending in the next 10 years and for most of the following decade. By 2030, however, that legislation will slightly reduce federal spending for health care if all of its provisions are fully implemented, CBO projects.”
Compare that to Social Security… you know, the system that will be going bankrupt because there’s not enough coming in…
“Under current law, spending on Social Security is also projected to rise over time as a share of GDP, albeit much less dramatically. CBO projects that Social Security spending will increase from less than 5 percent of GDP today to about 6 percent in 2030 and then stabilize at roughly that level.”
So… now not only will they have to increase taxes to pay for Social Security (or cut benefits), but Social Security increases are minor compared to health-care increases.
Hope and Change.
I Hope there’s a Change in the Administration come 2012.