The White House has concluded that adding prescription drug benefits to Medicare will cost one-third more than the $400 billion advertised by Congress and the administration when President Bush signed the bill into law less than two months ago, federal sources said yesterday.
The budget Bush is to propose on Monday will say that the new Medicare law, which sets in motion the largest expansion of the program in its history, will require $534 billion in the next decade, $134 billion more than the president and lawmakers said, according to congressional and administration sources.
That was fast.
That was fast.
http://www.washingtonpost.com/ac2/wp-dy ... ge=printer
No nation was ever ruined by trade.
– Benjamin Franklin
– Benjamin Franklin
Big shocker. Noone could possibly think that getting any kind of drug benefit over and above their very low ceiling (and really empowering the drug companies to boot) wouldn't cost more than the proposed amount, could they? It couldn't possibly hurt the medicare recipients in the long term with such an agreement in place.
Oh wait
Oh wait
- Forthe
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I bet the payments on 7 trillion in debt, US national debt broke the 7 trillion mark this month, could buy a lot of drugs.
With the combined national debt, budget deficits, tax cuts and more spending coming down the pipe I don't understand how fiscal conservatives aren't freaking out.
With the combined national debt, budget deficits, tax cuts and more spending coming down the pipe I don't understand how fiscal conservatives aren't freaking out.
All posts are personal opinion.
My opinion may == || != my guild's.
"All spelling mistakes were not on purpose as I dont know shit ." - Torrkir
My opinion may == || != my guild's.
"All spelling mistakes were not on purpose as I dont know shit ." - Torrkir
- Arborealus
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They are all drunk and cowering under tables waiting for the inevitable hammer to fall...Forthe wrote:I bet the payments on 7 trillion in debt, US national debt broke the 7 trillion mark this month, could buy a lot of drugs.
With the combined national debt, budget deficits, tax cuts and more spending coming down the pipe I don't understand how fiscal conservatives aren't freaking out.
Well yeah. Because we really need to go to the moon before the Russians get there!Forthe wrote:I bet the payments on 7 trillion in debt, US national debt broke the 7 trillion mark this month, could buy a lot of drugs.
With the combined national debt, budget deficits, tax cuts and more spending coming down the pipe I don't understand how fiscal conservatives aren't freaking out.
Have You Hugged An Iksar Today?
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- Arundel Pajo
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- masteen
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Did Nixon resign in his first or second term?
"There is at least as much need to curb the cruel greed and arrogance of part of the world of capital, to curb the cruel greed and violence of part of the world of labor, as to check a cruel and unhealthy militarism in international relationships." -Theodore Roosevelt
- Pherr the Dorf
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More on spending.
http://www.reason.com/hod/rr020304.shtml
http://www.reason.com/hod/rr020304.shtml
...Republicans stuff record pork down federal piehole
Ralph R. Reiland
"The pledge not to waste our tax dollars rings hollow," says Stephen Moore, president of the Club for Growth and a senior fellow at the Cato Institute, "given that in a matter of days [President Bush] will sign into law a budget-buster that provides money for Alaska skating rinks, Michigan swimming pools and Iowa indoor rain forests."
Moore is referring to the president's pronouncement in his State of the Union address that "we must spend tax dollars wisely" and the complete lack of opposition from the White House to the mile-high pile of pork in the recently passed fiscal 2004 Omnibus spending bill.
In addition to the tropical forest, the new Michigan pools and the Alaska skating rinks, the Omnibus bill gouges taxpayers to the tune of $725,000 for the Please Touch Museum in Philadelphia, $2 million for the Appalachian Fruit Laboratory, $1 million for the Alaska SeaLife Center, $300,000 for the National Wild Turkey Federation, $500,000 for the Montana Sheep Institute, and $2 million for a golf awareness program in St. Augustine.
The whole article is worth a read (its fairly short).The numbers tell the story. The average annual real increases in domestic discretionary spending were 2.0 percent under Jimmy Carter, minus 1.3 percent in the Reagan years, 4.0 percent with George H.W. Bush, 2.5 percent in the Clinton years, and 8.2 percent with George W. Bush.
No nation was ever ruined by trade.
– Benjamin Franklin
– Benjamin Franklin
i'm pretty sure that "golf awareness program" in St. Augustine has more to do with making the public aware of the World of Golf museum and golf courses. They thought they'd build this big 'attraction' that featured some nice golf courses, some museum, and i think the 'golf hall of fame' or somesuch. at any rate, it has not been a financial success to this point over the last 10 years.
good to see the federal government is going to help advertise for this venture...
good to see the federal government is going to help advertise for this venture...
- Arborealus
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