Tuesday, February 28, 2017

It's a Big Old Crazy Entitlement Spending World

From 1975 to 2015, social spending by federal and state governments quadrupled in constant dollars, to more than $1 trillion. America now spends enough to give every person in poverty more than $20,000 per year. And yet lamentations for a collapsing safety net are rising in both volume and pitch.

Read more at: http://www.nationalreview.com/article/439796/medicaid-spending-problems-abound-reform-vehemently-resisted?target=topic&tid=2430

Some perspective: We’re spending more than seven times as much on improper, illegal federal payments as we do on NASA. We’re spending nearly 20 times as much on improper, illegal federal payments as we do on the National Science Foundation. We could build 13 Ford-class aircraft carriers every year for what we are spending on improper and illegal payments driven by Obamacare. We’re spending twice as much on improper and illegal payments as it would cost to pay all the tuition costs of every American college student. (Not that having Uncle Stupid do that is a good idea.) If improper and illegal federal payments were an economy of their own, that economy would be bigger than Hungary’s and and more than twice the size of Guatemala’s.

Read more at: http://www.nationalreview.com/article/439919/medicaid-fraud-staggering-cost-140-billion

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