UNIVERSAL HEALTHCARE: RTD’s Barticles stumbles upon a solution.
On a related note, Brink Lindsey offers this bit of reality:
On the one hand, since 1960 federal tax receipts have bobbed around between 17 and 21 percent of GDP (the current ratio is 18.5 percent). On the other hand, projections based on historical trends show that Medicare and Medicaid spending will skyrocket from 4.2 percent of GDP in 2005 to 11.5 percent in 2030 – a jump of over 7 percentage points. Unless, against all odds, Americans prove amenable to massive tax hikes of historically unprecedented and economy-crippling proportions, our commitments under existing health-care entitlement programs are going to have to be thoroughly restructured (i.e., reduced).