How Much Is Left On The Credit Card?
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.