One week from Tuesday, 18 men and women will begin an attempt to fix, in eight months, what is possibly the country’s greatest problem: the federal budget deficit, national debt and runaway entitlement spending.
Many think they’re doomed to failure.
. . .
Sen. Tom Coburn, Oklahoma Republican, said he is going to make “waste, abuse, fraud and inefficiencies” in Medicaid a priority issue and will make sure it gets attention in commission meetings.
“Nobody else is going to focus on that,” Coburn said. “Nobody else thinks the $300 billion that we waste every year is important. Over 10 years that’s $3 trillion. So we’re going to look at that aspect of it.”
Total Medicaid spending this year is currently pegged at $280 billion. How Coburn can think that all $280 billion that will be spent this year on Medicaid is waste--plus an extra $20 billion in waste even though we do not spend it--is beyond me.
I don't have a good feeling about this fiscal commission--not at all.