Who Will Bail out the Government?

July 21, 2008

Who will bail out the government? Not only are we faced with a growing national debt and the costs of bailing out Wall Street, but we’re also short $53 trillion needed to cover current commitments for Social Security, Medicare and other entitlements. That’s $455,000 per U.S. household. Add to that health care costs which are currently 16% of our economy and may soon hit 30%. This is the inevitable result of government meddling in private matters and making utopian promises with other people’s money.

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