One of the most offensive talking points being spewed by the GOP in their attempts to either stop or slow down the President’s plans to rehabilitate the economy is that by running up large deficits we are in fact “mortgaging our children’s future” I don’t know about you folks but I find this charge rings rather hollow.
Where were these very same politicians cries when for years upon years our nation’s future was being mortgaged by an ever alarmingly increasing bankruptcy rate as people through no fault of their own were held hostage to an inefficient medical systems who’s cost were growing at a rate of more than double the rate of inflation?
By several measures, health care spending continues to rise at a rapid rate and forcing businesses and families to cut back on operations and household expenses respectively.
In 2008, total national health expenditures were expected to rise 6.9 percent — two times the rate of inflation.1 Total spending was $2.4 TRILLION in 2007, or $7900 per person1. Total health care spending represented 17 percent of the gross domestic product (GDP).
Health Insurance Cost – National Coalition on Health Care
Where were the cries of outrage as college education costs climb year after year, one of the primary reasons many people take out secondary mortgages on their homes, often unwisely?
NEW YORK (CNNMoney.com) — The total cost of going to a private four-year college rose to $34,132 on average for the 2008-09 academic year, according to a report released Wednesday.
In-state students at public four-year schools paid an average of $14,333 for the current school year, according to the College Board, a non-profit association of more than 5,400 schools, colleges and universities. That’s an increase of 5.7% from the previous year.
Where was their concern about the future of America’s children as our children are forced to go to school in over crowded school with the building literally in many cases falling down around their heads?
Unfortunately, the same school facilities problems that drew attention in the late 1990s — overcrowded buildings, leaky roofs, and the like — remain unresolved today. We entered the 21st century with one in four schools making do with buildings in poor condition, and one in four schools overcrowded, according to the National Center for Education Statistics. Fully 3.5 million students attend schools that are in very poor or nonoperational condition. In a 2004 study, the American Society of Civil Engineers found no evidence of improvement in the overall quality of school facilities since 2000.
Source Education Week
It’s time for the prophets of Reagan economics to realize that a country’s greatness is not measured by how many names you can cram on to a Forbe’s Magazine list, but is measured by how many heads rest easy at night when turning out the light and closing their eyes weary from a hard day’s work.