Thursday, April 1, 2010

ObamaCare and American Power

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A lot has been written about the impact of ObamaCare on health care and the economy. I am worried about its impact on our global power.

The United States currently spends roughly as much on defense ($661 billion in fiscal year 2009).

But that's a pittance compared to what we spend on three major entitlement programs—Social Security, Medicare and Medicaid. Combined, they cost $1.38 trillion or almost 35% of the budget, compared with 17% for defense.

And entitlements will only grow dramatically...

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