Our country is facing an enormous debt crisis. Many of the plans to reform healthcare will make this crisis worse. As an economist and former director of the Congressional Budget Office, Im deeply concerned about these healthcare reforms. They will add hundreds of billions of dollars to the already twelve trillion dollar national debt. We are paying five hundred million dollars a day in interest alone. This growing debt is unsustainable. It will have huge negative effects on jobs, taxes and our economy.
Unfortunately, some politicians are using accounting gimmicks to hide the cost of these changes. And many seniors on Medicare will pay the price. Changes are necessary. But I fear these reforms are definitely not the answer.