Donald Trump: “What’s going on in this country is unbelievable. Our country is a total mess. What we need is leadership. By fixing the economy we are able to solve the problems we really do need to solve—Medicare, Medicaid, and Social Security. They all become affordable when we become a wealthy country again.”
Today, House Budget Chairman Paul Ryan addressed an enthusiastic group of conservative activists during ACU’s annual Conservative Political Action Conference (CPAC 2013) in the Washington, D.C. area. The Wisconsin Congressman and former Republican Vice Presidential nominee was introduced by Al Cardenas, ACU’s President, to a standing ovation.
Consider the facts. Right now, America is more than $16.4 trillion in debt. With annual budget deficits of more than a trillion dollars, we’re only adding to that mountain of debt each year. What’s the biggest driver behind this rushing torrent of spending? You guessed it—Medicare, Social Security and Medicaid, which combined account for more than 40 percent of the federal budget.
The national debt is approaching $17 trillion and on pace to reach more than $20 trillion by 2017. Right now it amounts to more than $52,900 for every man, woman and child in the U.S, and the CBO predicts that debt held by the public will be bigger by 2023 than in any year since 1951.