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| quote: | Originally posted by The17sss
lol... what? |
like i said. the prescription drug subsidy bill signed into law by your best mate george w, will become the most expensive thing ever.
| quote: |
ALICE RIVLIN, Dir., Office of Management & Budget, 1994-96: In the Clinton years, we had the "pay-go" rule, pay as you go, and that meant we couldn't pass a lot of good-sounding ideas, including Medicare prescription drugs. It's not that nobody thought of that in the '90s. A lot of people thought of it. But we couldn't pay for it. To pay for it, we would have had to have done a tax increase or cut out some other spending in major proportions, and nobody wanted to do that, so we didn't do it.
FORREST SAWYER: But the Bush administration did do it. With "pay-go" no longer restraining spending, they had pushed through Medicare part D, a program that's projected over time to cost as much as $8 trillion.
DAVID WESSEL: They did not come up with a way to raise taxes or cut spending somewhere else to pay for it, so they just passed this thing. It goes into law. It's a promise to elderly people that we'll pay- subsidize their drugs, and we borrow every year to pay for it. And in the end, it's more expensive than the war in Iraq because the war in Iraq ends at some point. Certainly, it will end now that Obama's president. But the prescription drug benefit will go on forever.
FORREST SAWYER: It will go on forever because it's a promise made by the federal government to its citizens. Seniors are entitled to this benefit, just the as they are entitled to Social Security and Medicare itself. These entitlements are all enormously popular, but they're also enormously expensive. Medicare part D alone will cost $60 billion this year.
JACKIE CALMES: The expense of that over time, unfunded liabilities for the government, at a time when more people are reaching retirement age and qualifying for Medicare, added more to the long-term obligations of the government than all of Social Security.
FORREST SAWYER: Medicare part D was the largest spending bill the president signed, but there were dozens of others. During his first five years as president, with a Republican-controlled House and Senate, George Bush never vetoed a spending bill. Fiscal conservatives in his own party accused him of being the biggest spender since World War II. |
so, why dont you tell me where exactly that bill is represented on those stupid graphs of yours and how much of the "blue" deficit is really owned by those evil democrats?
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