No matter what the final estimate for Health Care reform is, it will cost a lot more.
The bills being written already carry price tags so high it’s mind boggling… $1 trillion over ten years, even $1.6 trillion over ten years. A large number like that seems to convey honesty and straight-talk, yet probably only scratches the surface of what will be a much higher bill. Recall: Social Security was sold to the American public as a 1% tax on the employee and employer, scaling up to 3% on each in 1948. How close are the rates to 3% now? Well, employers and employees both pay 6.2% in tax and Social Security is now the largest expenditure in the federal budget.