Read full text: https://market-ticker.org/akcs-www?post=252484
Monthly.
Employment and general retirement (e.g. Social Security and Medicare) took in just $33.5 billon last month. CMS, that is Medicare and Medicaid, spent $244 billion in one month alone -- last year's two month total was $291 billion and this year that's $434.5 billion -- that's a 49% increase from last year to this. Last month was not a one-off accounted for by not paying people in front of the end of the fiscal year to make the deficit look better.
By the way that tax receipt amount is only about 13% Medicare so there was just $4.3 billion - in other words Medicare and Medicaid were, last month, 1.76% funded with tax receipts.
That's right -- we have now gone exponential on the unfunded part of Medicare and Medicaid (which was recently 20% funded) -- last month it was less than 2% funded.
Either Trump stomps on the entire medical system on day 1 of his Administration -- no mealy-mouthed bullshit and no obstruction by any member of Congress -- or the entire federal budget detonates, the economy detonates and if you let that happen then you DESERVE the complete failure of the American economy and system of government which is exactly what we are going to get.
This is not an "unsustainable thing" that we must address over some future timeframe.
That time has passed -- we must stop it all right here, right now. At present rates last year's operating deficit will double and that means 15%+ inflation or worse and unless this is stopped right now with every responsible party ceasing or being imprisoned immediately with every involved firm being literally destroyed every single asset will crash as will both the economy and tax receipts. The last two months of inflation injection cannot be evaded; it has happened, it will hit prices starting around February of next year and it will be a year or more before it is all reflected at the consumer end with the current inflation run-rate being approximately fifteen percent.
It does not matter what must be done to stop it.
This must be stopped and completely reversed right now and virtually all of it is in CMS. The other big one is in the VA -- but not in medical care, rather its in pensions. I do not know if that's a one-time thing or not, but it was quite material and an eyebrow-raiser.