According to the US Government Accountability Office (GAO), state and local governments across the country are doomed to huge fiscal deficits under current law. They will “either have to raise taxes by 17 percent or cut spending by 14 percent if they want their operating budgets to remain in balance over the next decade,” Governing.com reported.

Medicaid and health-care costs for state and local government employees are the culprits. David Walker, how heads the GAO, said, “State and local non-health-care expenditures are not out of balance. If there’s one thing that can bankrupt America, it’s health care.”

Big business may be clamoring for the government to relieve them of health care costs and to create universal health care, but big government can’t help them. Looks like a job for less government involvement. Looks like a job for Market Man.