(Natl Review) President Obama made something of an admission with a small group of Republican Senator’s in March about the size of Medicare and the federal budget deficit.
“The problem you have reforming Medicare is that for every dollar Americans pay into the system they’re going to get three dollars in benefits. Americans don’t understand that.”
Three months later, Sen Ron Johnson (R-WI) and his fellow Senate Republicans attempting to work with top Obama Administration officials, define how big (out of control) the federal entitlement program actually is–their proposal is to agree on the size of the problem before tackling reforms to solve it.
Obama Administration officials came into the meeting reiterating President Obama’s position that $4 Trillion in deficit reduction would basically solve the problem for now but according to GOP 30 year deficit projections prepared by Johnson and obtained by The National Review the true size of the problem is staggering and surprised even the most seasoned budget negotiator.
Obama’s rhetoric of $4 Trillion in deficit reduction doesn’t touch the real problems we face–try $106 Trillion the medium estimate, even the lowest conservative estimate is $72 Trillion, the highest $120 Trillion.
How much worse will ObamaCare balloon the deficit, making matters much worse?
Related: Obama Family Africa Trip to Cost Taxpayers $60–$100 Million
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