"Doubters should ponder the numbers. In fiscal 2012, non-interest federal spending totaled $3.251 trillion. Of that, $762 billion went for Social Security, $469 billion for Medicare (insurance for the 65 and over population) and $251 billion for Medicaid (insurance for the poor - two-thirds goes for long-term care for the aged and disabled). Altogether, that's 46 percent of non-interest spending. Defense, $651 billion and declining, was 20 percent.
"As baby boomers retire and health costs rise, this spending will mount. In 2010, there were 40 million Americans 65 and older. By 2020, that number is projected to be 55 million; by 2030, 72 million."
http://www.washingtonpost.com/opinions/robert-samuelson-whos-not-bargaining-in-good-faith/2012/12/02/9db4c5e2-3b13-11e2-b01f-5f55b193f58f_story.html
In other words, you could accuse either party of negotiating in bad faith, neither is even close the real fiscal death dealers.
"As baby boomers retire and health costs rise, this spending will mount. In 2010, there were 40 million Americans 65 and older. By 2020, that number is projected to be 55 million; by 2030, 72 million."
http://www.washingtonpost.com/opinions/robert-samuelson-whos-not-bargaining-in-good-faith/2012/12/02/9db4c5e2-3b13-11e2-b01f-5f55b193f58f_story.html
In other words, you could accuse either party of negotiating in bad faith, neither is even close the real fiscal death dealers.
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