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May 20, 2008
Get ready. Somewhere between 2016 and 2020, health entitlements, Social Security, debt service and national defense will consume the entire federal budget. There will be nothing left for education, environment, highways - not even enough to pay the telephone clerk at the White House.
This is from a Gene Steuerle/Randall Bovbjerg article in Health Affairs.
One Response to “Doomsday Forecast”
May 29th, 2008 at 7:52 am
Health alone will wipe out all other spending programs eventually. See Pam Villarreal’s Brief Analysis on the Trustees reports.