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> So if USA is producing so much oil why is it not able to pay for things like Healthcare? We have 'better' things to spend money on, like 'defense' (/s). > P
by craftyguy 8y ago
> So if USA is producing so much oil why is it not able to pay for things like Healthcare?
We have 'better' things to spend money on, like 'defense' (/s).
> Presumably oil coming out of the ground is free.
It's not free, it costs money to discover, extract, transport, process into anything usable, transport again, etc.
> Where is that money going?
Probably the companie(s) that discover, extract, transport, process, transport, etc. And their shareholders. And politician friends.
- WillPostForFood 8y agoThe US spends plenty on health care, we just don't get good value. Medicaid and Medicare alone are 1.5x defense spending.