News Flash: National Health Care Will Be Expensive!

Nicola Moore / July 09, 2009

The non-partisan Congressional Budget Office (CBO) recently warned that entitlement-driven growth is unsustainable and would debilitate the economy over the long-term. In their best-case scenario, the national debt would become three times the size of the entire economy in the next 75 years. (In 2008, debt was about two-fifths of the economy).

Given that the budget is already on an unsustainable course, it is strange that Congress is considering making things worse by tacking on an expensive national health program. While many members of Congress are claiming they can find offsets or efficiency savings to pay for the program, yesterday CBO Director Douglas Elmendorf told them that they’re wrong. (more…)