Why the federal debt grows: Spending, not taxes, explains it all.
Newsom extends free healthcare to 700,000 Illegal Immigrants, despite record budget deficit.
What part of the health care system does not have any organized lobby in Washington? Patients.
What is the rate of return on exercise in terms of life extension? 5.8%
“California became the first state to expand Medicaid to include all illegal immigrants”
Not being reported – federal money pays for 68% of California’s Medicaid cost.
Medical care for the additional 700,000 illegal immigrants in California will be paid for by taxpayers in all 50 states, not just California.
To be fair, federal money subsidizes all other states’ Medicaid programs by about the same percentage. But only California is bragging about its “commitment”
Some “commitment” – when others are paying 2/3 of the cost.
More than 70 years ago the government tried to facilitate a way to finance medical care and over time the prices shot up. A few decades later the government tried to facilitate a way to finance higher education, and over time the prices shot up. Coincidence?