On the recordJuly 24, 2012
If the gentleman from Louisiana will just leave that one up so the American public that is watching just understands because a picture says a thousand words. That picture is the growth of Medicaid for the next generation. My son is 12 now. When he reaches age 65, he'll be at the right-hand side of that graph. And although none of us like to think of it, we all remember when we were 12, we never thought we would retire, but here we are nearing retirement age. So it's not that far off in the future. If I read that graph correctly, our current entire budget, in 2010 dollars, is $3.5 trillion--our entire Federal budget, paying for everything. That graph indicates that by the time my child reaches retirement age, every penny of that budget would be taken up by Medicaid, every penny--not a single penny for Medicare; not a single penny left over for Social Security; not a single penny left over for interest on a debt that is now $16 trillion and growing; not a single penny left for defense; not a single penny left for Pell Grants; not a single penny left for anything.





