From Neil Boortz's site this a.m.:
. . . On the other hand, the Washington Times is reporting today that this drug benefit will cost about $2 trillion in its second decade. Stay tuned.
Ok, decade, not year as I reported earlier, however, far much more than $400 billion over 10.
That is what people do not realize. No govt entitlement program has ever been reversed. In 1967, they projected that the cost of Medicare in 1990 would be 29 billion. Actual cost was 250 billion. There is no point in forecasting govt spending, especially on entitlement programs. This bill alone will place enormous tax liabilities in the future which will kill any tax reform in the future.