Skip Navigation

The Daily Dish - 2006-2011 archives for The Daily Dish, featuring Andrew Sullivan

How Much Is Left On The Credit Card?

By The Daily Dish
Dec 22 2009, 10:14 AM ET

Megan worries that we can't afford the health care bill:

We still have a gigantic budget deficit pressing on us from Medicare.  Yes, you say you made serious Medicare cuts.  Then you turned around and spent that money on expanding coverage.  So the Medicare deficit, which will be $100 billion and growing in 2019, will still exist.  There will also be growth in the portion of Medicare that is currently paid for out of general revenue, putting further upward pressure on our deficits.  It's impossible to say exactly how much that $100 billion will be growing every year, but $15-20 billion seems like a reasonable estimate, as least during the senescence of the Baby Boomer.



Presented by

More at The Atlantic

How the Global Middle Class Can Save the American Middle Class How the Global Middle Class Can Save America's Middle Class
The $630-Million Trees That Sparked a Social Media Revolt in China A Social Media Revolt in China
A False Photo From a Real Massacre A False Photo of a Real Massacre
Does the Supreme Court Believe in Double Jeopardy Protections? Does the Supreme Court Believe in Double Jeopardy Protections?
The Color, Romance, and Impact of the Golden Gate at 75 America's Most Famous Bridge Turns 75
View All Correspondents

The Biggest Story in Photos

Where in the World? Part 3: A Google Earth Puzzle

May 25, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)

(sample)

(sample)