In other words: A discussion of The Bush Administration
Bush likes to say "it's your money,' so why is he so freely spending my children's money?
Deficit for one year over 500 Billion dollars.
Bush Budget Raises Cost of Medicare
WASHINGTON - President Bush's new budget projects the Medicare overhaul he just signed will be one-third more costly than estimated and this year's federal deficit will surge past a half trillion dollars for the first time, administration and congressional officials said Thursday.
The White House will estimate the cost of creating prescription drug benefits and revamping the mammoth health care program for the elderly and disabled at $534 billion for the decade that ends in 2013, the officials said. The number will be in the 2005 budget Bush proposes Monday.
While muscling the Medicare package through Congress in November, Bush and Republican leaders won pivotal votes by reassuring conservatives that the cost over that period would track the nonpartisan Congressional Budget Office (news - web sites)'s estimate of $395 billion. The measure passed both chambers narrowly, giving the president one of his top legislative triumphs since taking office.
Hey, if it was cool with the conservatives when he lied about the war, I'm sure they'll be cool with the fact that he lied about the cost of his "give pharmacuticals more money" medicare package.
- rob 1:01 PM - [PermaLink] -
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