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About 90% of this budget is providing Medicare and Medicaid.
by erentz 10y ago
About 90% of this budget is providing Medicare and Medicaid.
- nickff 10y agoYes, and a large portion of that is spent on prescription drugs; the US Government is one of (if not the) largest customers for most drugs.
- pmoriarty 10y agoWe need to stop thinking of the government and corporations as distinctly separate. Officials from government own stocks in corporations, serve on their boards, and often get cushy jobs in the very corporations they "regulated" or acquired government contracts for when they retire from "public service". Corporate executives also demonstrate their selfless commitment to the public good by going to work for the government and regulate their former employers. Corporations are taxed and that tax money flows from the government back to corporations. Corporations spend millions lobbying, bribing, and electing government officials to enact laws and contracts favorable to them. Often it's the same people who govern both corporations and the government, and profit from both. They have their hands in each other's pockets and scratch each other's backs.