Medicare Trustee Tom Saving estimates that the cost of the additional obligations in the Senate Medicare bill, such as the prescription drug benefit, is equivalent to a two-thirds increase in the $3.8 trillion public debt.
Illustration courtesy of Michael Ramirez and Copley News Service
That means the children and grandchildren of Medicare patients will pay for this open-ended entitlement in decades to come through higher taxes, lower salaries and lost dreams.
No generation, no matter how great, wants to leave that legacy behind.
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