Friday, January 11, 2008

With Healthcare: It's the All About the Money

Our presidential candidates on both sides of the aisle better wake up and smell their coffee: healthcare costs, not just the number of uninsured, now place the US at risk economically:
The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody’s, the credit rating agency, said on Thursday.

The warning over the future of the triple-A rating – granted to US government debt since it was first assessed in 1917 – reflects growing concerns over the country’s ability to retain its financial and economic supremacy.
So suddenly, our policy of offering "free" subsidies to maintain corporate profits might not be such a good policy after all, heh?


1 comment:

Kb said...

A few days ago I listened to the US Comptroller, David Walker, discuss how grim things really are. The U.S. Government Accountability Office is holding "Fiscal Wake-Up" events all over the country.