Sometimes a picture really is worth a thousand words. As economist Marcellus Andrews argues in Taming the Beast [6] in the August issue of Sojourners, cutting the deficit must not mean cutting the social safety net:
The alert reader will note that I've said nothing about Social Security or Medicare or any of the other big, bad stuff that deficit scare-mongers love to throw out there. The only way Social Security will run out of money is if the young stop paying taxes to finance their parents' benefits; as long as we like our parents, we can more than afford Social Security. And Medicare's problems, though real, will go away once we fix the U.S.'s health-care finance mess, in which we pay far more per person than similarly rich countries with better health outcomes.
On this last point, I recently ran across a calculator on the Center for Economic and Policy Research's website [7] showing how, if U.S. per-person health-care costs were anywhere near other rich countries', our long-term projected budget deficit would be transformed into a surplus. For example, the red line on the chart below shows how far into surplus we'd be headed if our per-person health-care costs matched the U.K.'s:
This chart is a year old, so the short-term part of the graph might be a little off, but not the long-term gist. (Of course, in that last year, health-care reform was passed; its provisions to help most of the uninsured get health insurance are a huge moral victory, but I haven't read anything suggesting that it will cause a stark turnaround in the U.S.'s per-capita health care costs.)
Click here [9] to read about Jim Wallis' personal, positive experience with U.K. health care. Oh, and did I mention -- life expectancy in the U.K. is apparently two years longer than in the U.S.? Now that's a bottom line we can all relate to.
[10]Elizabeth Palmberg is an associate editor of Sojourners.
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[1] http://sojo.net/blogs/gods-politics
[2] http://sojo.net/biography/elizabeth-palmberg
[3] http://sojo.net/blogs/2010/08/05/us-deficit-problem-us-health-care-cost-problem#comment-covenant
[4] http://sojo.net/letter-to-web-editor?post=U.S.%20Deficit%20Problem%20%3D%20U.S.%20Health%20Care%20Cost%20Problem
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[6] http://www.sojo.net/index.cfm?action=magazine.article&issue=soj1008&article=taming-the-beast
[7] http://www.cepr.net/calculators/hc/hc-calculator.html
[8] http://sojo.net/sites/default/files/images/100805-calculator2.jpg
[9] http://blog.beliefnet.com/godspolitics/2007/08/jim-wallis-my-encounter-with-i.html
[10] http://sojo.net/sites/default/files/images/portrait-elizabeth-palmberg.jpg
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