Michael Barone: Damn the Deficit – Full Speed Ahead on Health Care
“[T]he trajectory of administration spending and revenue is pushing the annual deficit toward $1,000,000,000,000 — that’s $1 trillion — for the next decade.
“Congressional Democrats’ health care bills threaten to add to that. The bill currently before the Senate is advertised as costing less than $1 trillion. But significant spending doesn’t kick in till 2014 and over the ensuing 10 years adds up to $1.8 trillion, nearly double that…
“Yet the congressional Democrats who are pressing to expand federal health care spending do not seem much fazed by the prospect that… ‘the level of taxation it would require to meet projected spending needs is far higher than anything the country has ever seen-slash-tolerated.’
“Democratic leaders nonetheless want to jam [a bill] through before their current majorities are eroded, as they seem likely to be, in the 2010 elections.”
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Scott Spiegel
