Remember Bush's Medicare overhaul, the one with the $400 Billion price tag? Well, it hasn't even gone into effect yet but the price is up to $540 Billion. I doubt many will notice or care, as it's hard to comprehend such large dollar amounts.
Of course if you pay any attention to Libertarian Party press releases this price increase will come as no surprise. They predicted it back in August:
The most frightening aspect of the legislation, Seehusen said, is that the cost will be even more astronomical than the $400 billion that Congress claims.
"In 1965 Congress predicted that Medicare would cost $12 billion a year by 1990," he said. "Instead the price tag spiraled to $98 billion a year -- or eight times as much. At that rate, Bush's bill could easily cost an astounding $3.2 trillion in just five years.
SFGate link via Stephen Green.
A free beer to the first to recognize the very obscure 80's song referenced in the title of this post.
Posted by Walter at January 29, 2004 07:17 PM