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**investor** · 02-08-2011, 04:00 AM

Stiglitz is right about where the last $4 trillion in debt came from. What he doesn't tell you is where the next $10 trillion comes from: Medicare and Medicaid. 80% of spending growth from her on is Medicare and Medicaid. Most of the rest is Social Security.

No, no, no. Most, not all, but most, of these deficits come from very real decisions that were made earlier. 2 wars, an unpaid gift to pharma called Medicare Part D, and tax cuts for the rich with no offsets in spending. Those decisions were trillions of new spending and new revenue cuts. They were clearly unpaid, and need to be made right to restore any smidgin of sanity to the process.

Don't be blaming Democrats for the actions of Republicans.

02-08-2011, 04:00 AM	#22
investor Join Date Oct 2005 Posts 485 Senior Member	Stiglitz is right about where the last $4 trillion in debt came from. What he doesn't tell you is where the next $10 trillion comes from: Medicare and Medicaid. 80% of spending growth from her on is Medicare and Medicaid. Most of the rest is Social Security. No, no, no. Most, not all, but most, of these deficits come from very real decisions that were made earlier. 2 wars, an unpaid gift to pharma called Medicare Part D, and tax cuts for the rich with no offsets in spending. Those decisions were trillions of new spending and new revenue cuts. They were clearly unpaid, and need to be made right to restore any smidgin of sanity to the process. Don't be blaming Democrats for the actions of Republicans.
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