When the numbers get this high, what, exactly, is the difference between $65 trillion and $82 trillion? From the Free Beacon:
The federal government’s unfunded health care obligations have grown by a whopping $17 trillion since the passage of President Obama’s controversial reform bill, a new study has found.
Staff at the Senate Budget Committee, which calculated the figure using methods based on those used by the Centers for Medicare and Medicaid Services (CMS), found that total unfunded obligations for federal health care programs has jumped from $65 trillion in 2009 to $82 trillion in 2011.
Added to the government’s existing obligation for entitlement programs like Social Security, Medicare, and Medicaid, the total now comes to almost $100 trillion.
That is almost seven times U.S. annual gross domestic product (GDP).
Two things stand out: One, that even before Obama imposed his awful and unworkable health care plan on us, we were already $65 trillion in the hole. And two, at this point, what’s the big deal with another lousy $17 trillion? It’s sort of like when you buy a car and they want you to kick in for the rust-proofing. C’mon, they say. It’s just another two cents on your monthly payment.