The US doesn't need 10x the number of doctors, nurses and hospitals. It needs to reduce costs in its existing healthcare system by a minimum of 1/3 to match other affluent peers. By doing so it could instantly expand Medicaid at little to no cost to around 40% of the population; it would make it a lot cheaper to backstop people with guaranteed coverage (no job, you're guaranteed Medicaid coverage, etc); it would make Medicare cheaper, which would reduce the deficits (now and in the future); and it would save households a lot of money on their health bills. The US has to shift further to a rationing care model (which is resisted in the US), as with all universal systems, to slash costs.
The US already has by far the world's most expensive healthcare system. Building a lot more hospitals would be a cost nightmare that would further drown the system.
US households are in excellent financial shape in terms of debt at both the median and the average, better than many of its peers (if you want to see horrific household finances, check out Scandinavia). US household monthly debt costs as a share of disposable income remain near the lowest levels in 40-50 years.
You could immediately reduce US military spending by $300 billion and it wouldn't make any consequential difference in the deficits problem the US is facing over the next 30 years, because it's overwhelmingly caused by required entitlement spending. There is no scenario where the US doens't run perpetual trillion dollar deficits, unless entitlements are reformed or taxes go way way up. We could already entirely get rid of the military and we'd still be facing enormous deficits in the coming decades, that's how bad it is.
entitlement spending is tied into medical and other prices that are out of control. A lot of that wealth would be much better spend by the poor and middle class than by the wealthy hoarding it away.
The US already has by far the world's most expensive healthcare system. Building a lot more hospitals would be a cost nightmare that would further drown the system.
US households are in excellent financial shape in terms of debt at both the median and the average, better than many of its peers (if you want to see horrific household finances, check out Scandinavia). US household monthly debt costs as a share of disposable income remain near the lowest levels in 40-50 years.
You could immediately reduce US military spending by $300 billion and it wouldn't make any consequential difference in the deficits problem the US is facing over the next 30 years, because it's overwhelmingly caused by required entitlement spending. There is no scenario where the US doens't run perpetual trillion dollar deficits, unless entitlements are reformed or taxes go way way up. We could already entirely get rid of the military and we'd still be facing enormous deficits in the coming decades, that's how bad it is.