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Obama's health care bill

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Obama's health care bill is projected to cost over $1 trillion over the next decade. Medicare, Medicaid, and Social Security are bankrupt. The projected federal deficit for next year is $1.3 trillion. Can we afford such programs? Can we keep on borrowing? Should the federal budget be balanced every year? Discuss.

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First off, Medicare, Medicaid and Social Security are not bankrupt. While there may not be enough money in the funds to keep these programs running just off the funds that we have for them right now, that does not mean that we cannot change the way these programs run and ensure that they are still running. In any case, these programs may not be paying out the same amount as they are now but they will still be running a long time into the future as people are paying into them every single day from their paychecks, so to some ...

Solution Summary

Obama's health care bill is projected to cost over $1 trillion over the next decade. Medicare, Medicaid, and Social Security are bankrupt. The projected federal deficit for next year is $1.3 trillion. Can we afford such programs? Can we keep on borrowing? Should the federal budget be balanced every year? Discuss.

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