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Wednesday, February 13, 2008

Administration News | Increased Health Care Costs, Aging Population Pose Long-Term Financial Concerns, Comptroller General Says

More kudos to fatsos.
"Comptroller General David Walker on Tuesday at a Senate Budget Committee hearing said that increased health care costs and an aging population have placed the federal budget on an "imprudent and unsustainable path" and that "passage of time only serves to worsen this situation," CongressDaily reports.

According to Walker, provided that "future promised and funded Social Security and Medicare benefits, veterans' health care, and a range of other commitments and contingencies" are met, the structural debt at the current rate of growth and spending totals $53 trillion. He said, "If there is one thing that could bankrupt America, it's rising health care costs." Walker added that the next president and Congress will have about five years to address the issue before large tax increases and reductions in benefits are required."
Stop paying for fat care.

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