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CBO: Entitlements, ObamaCare To Make Up 53% of Federal Spending
Posted By admin On February 6, 2013 @ 7:19 am In Money Watch | Comments Disabled
CNS News 
Feb 6, 2013
According to projections from the Congressional Budget Office (CBO), entitlements and ObamaCare spending will comprise 53 percent of all federal spending over the coming decade, totaling $24.9 trillion.
In its updated Budget and Economic Outlook report released on Tuesday, the CBO projects that Social Security will account for $11.149 trillion in spending from 2014 to 2023 while federal health care entitlements, including Medicare, Medicaid, and ObamaCare, will spend $13.85 trillion. (That total includes TRICARE, CHIP, and “other” spending listed by the CBO under healthcare.)
ObamaCare’s insurance subsidies, exchange costs, and other spending are expected to cost the government $949 billion over the next 10 years. Medicare is expected cost $8.1 trillion while Medicaid is expected to cost $4.4 trillion.
Combined, these two entitlement categories (Social Security and all health care programs) will comprise 52.9 percent of the projected $47.2 trillion in total federal outlays from 2014 to 2023.
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URL to article: http://www.prisonplanet.com/cbo-entitlements-obamacare-to-make-up-53-of-federal-spending.html
URLs in this post:
 CNS News: http://cnsnews.com/news/article/cbo-entitlements-obamacare-make-53-federal-spending
 Massive $17 Trillion Hole Found In Obamacare: http://www.prisonplanet.com/massive-17-trillion-hole-found-in-obamacare.html
 Obama: ‘We Would Not Be a Great Country’ Without Gov’t Entitlements: http://www.prisonplanet.com/obama-%e2%80%98we-would-not-be-a-great-country%e2%80%99-without-gov%e2%80%99t-entitlements.html
 The fraud roll-out continues: Obamacare costing taxpayers twice as much as originally claimed: http://www.prisonplanet.com/the-fraud-roll-out-continues-obamacare-costing-taxpayers-twice-as-much-as-originally-claimed.html
 The Budget Battle: Entitlements Staying, Taxes Going Up: http://www.prisonplanet.com/the-budget-battle-entitlements-staying-taxes-going-up.html
 Government spending rises 9%: http://www.prisonplanet.com/government-spending-rises-9.html
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