Congress Must Use Reconciliation to Stop Money Laundering of our Children by Healthcare Cartels

Washington, DC – Today, the Congressional Budget Office (CBO) issued its budget outlook for the next 10 years (see here) showing a grim picture of our fiscal situation. The national debt will continue to rise, reaching unprecedented level of 118% of GDP in 2035 – higher than the previous record of 106% of GDP caused by WWII in 1946. This unsustainable debt level does not even take into consideration the proposed extension of tax cuts, which - despite creating some economic growth - will still significantly increase deficits if not fully offset by spending cuts. It also only assumes very minor inflationary increases to defense and discretionary spending, which has not been and unfortunately does not look to be the reality on the ground.

The CBO outlook also shows that our federal healthcare spending is going to almost double in the next 10 years, surpassing all other spending categories, including social security and the total amount of all discretionary spending, including defense spending - reaching almost $3T per year or 7% of GDP in 2035. Big healthcare monopolies will win, and the American people will lose.

“It's becoming criminal for Congress not to address our spending problem,” Spartz said. “If any of my colleagues claim to be patriots, not pawns of the DC swamp, they will have to hold the ground for the future of our children. Our Republic will be doomed otherwise.”