Quote:
Originally Posted by retiredguy123
You say that Medicaid is paid for through Federal income tax. But, you failed to mention that the Government spends way more than they collect in taxes, much of it for Medicaid. That is why we have a 22 trillion dollar debt, and so far this fiscal year, we have already spent over a trillion dollars more than we have received in taxes. So, I think it is more accurate to say that about two thirds of Medicaid is paid for with taxes, and the other third is paid for with borrowed money that our country will need to pay back in the future.
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You seem to infer that Medicaid is the cause of the debt, which of course, it is not. The debt has increased in the last two years due to the lack of corporate tax income which drastically lowered revenue.