February 09, 2005

Yet Another Surprising (cough) Revelation About The BFEE

Medicare Benefit Estimated to Cost Taxpayers $720 Billion Over Its' First Ten Years. After they lied about the costs originally in order to get the bill passed, threatened to fire an expert on the costs of the program after he tried to tell the truth about the estimated costs at the time of the bill's debate, held a vote in the wee hours of the morning to pass the bill, and kept the vote open for over three hours until they could threaten cajole enough Republics to pass it. And now we find out that the estimates used in arriving at the $551 billion figure were not factoring in the increasing number of people who will be eligible for the program. The article further goes on to say that the gross cost of the bill is actually $1.2 trillion before including the savings realized from states being forced to pay more of the costs of medication, the increase in premiums paid by those using Medicare, and the savings created within the Medicare program itself.

Yet another example of the sterling morality of the junta currently running (what used to be) the greatest nation on earth into the ground. Thanks, Putsch!

Update: D'oh! As usual, one of the uberbloggers posts on the story before we can get our trite little commentary out into blogtopia (yadda yadda yadda y!sctw!) the Fashionable Left Bank of BlogistanTM. Damn you, George Steinbrenner!

Posted by (: Tom :) at February 9, 2005 08:01 PM