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oops.(7 posts)

oops.rufus
Jan 29, 2004 4:54 PM
white house says today that the new medicare prescription drug benefit will end up costing 1/3 as much as they first said. and next year's defecit will be higher as a result.
C'mon, what's $140 billion or so among friends? nmmdehner
Jan 30, 2004 7:24 AM
1/3 more? (nm)eyebob
Jan 30, 2004 7:42 AM
yes, $540B v. $400B - nmmdehner
Jan 30, 2004 7:46 AM
Was this published anywhere? (nm)eyebob
Jan 30, 2004 7:57 AM
Yes, various placesmdehner
Jan 30, 2004 9:28 AM
"The budget will estimate the price of retooling Medicare and adding prescription drug benefits at $534 billion over the decade ending 2013, officials said. The figures, first revealed Thursday by congressional aides speaking on condition of anonymity, were confirmed by administration officials.

While hunting for the votes they needed to nudge the bill through, Bush and administration officials as well as top congressional Republicans told wavering conservatives they believed the bill's costs would track the nonpartisan Congressional Budget Office's $395 billion estimate."

http://www.salon.com/news/wire/2004/01/30/medicare_cost/

It thus seems El Presidente has had a change of heart recently, from:

"We owe it to our children and grandchildren to act now, and I hope you will join me to pay down $2 trillion in debt during the next 10 years. At the end of those 10 years, we will have paid down all the debt that is available to retire."

—President Bush, Address to Joint Session
of Congress, February 27, 2001

and

"...[O]ur budget will run a deficit that will be small and short-term ..."

—President George W. Bush
State of the Union Address
January 29, 2002
They're trying to appeal to more Democrats ...HouseMoney
Jan 30, 2004 11:37 AM
The reason a lot of Democrats in Congress didn't approve of this Medicare boondoggle initially was that it wasn't big enough. Now maybe they'll like it more!