Comment by whodidntante
2 days ago
The BBB will add $4.5T (this is the largest estimate) in addition to the $15T-$20T that would have happened without the BBB
The debt would have been about $52T+, now it will be $56T+, if projections are accurate.
While I do not agree with the BBB for many reasons, and I do agree that it increases the debt, it is not the primary driver of the debt.
The largest driver of our debt is our "health" system. We spend $5T a year on our "health" system, which is twice the amount per capita that western European nations spend, and we have outcomes that are, across the board, worse.
We spend $2.5T more per year than we "should" be spending on "health", which is by far the largest waste of our resources.
If we would "simply" find a way to spend as much as western Europe does (even keeping our poorer outcomes), we would save $25T over the next 10 years. Our entire national debt could be eliminated in 20 years by doing this, even with the BBB.
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