Obama then noted that the real fiscal problem facing the United States is the skyrocketing costs of Medicare and Medicaid, not the Recovery Act or bank bailouts, which he said are "one-time charges." "If we aren't careful, health care will consume so much of our budget that ultimately we won't be able to do anything else," he warned.
Oh, don't worry, Mr. President. I'm sure we can find enough money in the education budget to cover all of our other expenses for the time being.
As far as "not being able to do anything else," poppycock. Defense spending can only increase, you know. Haven't you learned anything from your time on Capitol Hill?
H/t.
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