Health care and interest owed on the Debt are the fastest growing components of the budget. Over the next twenty years, health care spending is projected to grow at 2.58 times the growth rate of the overall economy. We must get health care spending under control if we are going to save our economy. There are only two meaningful options, either we allow market forces to work in the health care sector or we ration health care.
But even if we cut the projected rate of growth of health care spending relative to GDP in half, we will only slow the rate of growth of the Debt. The Debt will still surpass 100% of GDP by 2024 and reach 232% by 2050.