Quote:
Originally Posted by Love2Swim
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.
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I was just pointing out that Medicaid is not paid for with Federal income tax revenues as one poster claimed. The tax revenues have been inadequate to pay for the things the Government spends money on for many years. Currently, we spend about 4 trillion dollars per year, but only collect about 3 trillion in revenue. So, the debt is increasing by about a trillion dollars per year. That is the math, regardless of who pays what in taxes.