More Government Intervention in Health Care Will Be a Budget Buster

The Senate Finance Committee has proposed $829 billion of new spending over the next ten years, yet this giant expansion in the burden of government somehow is supposed to be good news since the politicians are matching that huge pile of new spending with big tax increases and promised savings from Medicare. In other words, the crowd in Washington wants us to believe they are being frugal because the cumulative tax hikes and Medicare savings, at least on paper, are $81 billion more than the $829 billion of handouts and subsidies in the proposal.

But why are we supposed to think that it is responsible to have more spending and more taxes? Frugality and fiscal responsibility should be defined by limiting the size of government, not by whether the amount of money the politicians take out of our pockets is larger than the amount of money they distribute to their political supporters and campaign contributors. I address the fiscal aspects of the health care debate in this appearance on Fox Business News.