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Bush Budget Raises Cost of Medicare
AP ^
| Jan 29
| ALAN FRAM
Posted on 01/29/2004 10:42:40 AM PST by RWR8189
WASHINGTON (AP) - President Bush's new budget will project that the just-enacted prescription drug program and Medicare overhaul will cost one-third more than previously estimated and will predict a deficit exceeding $500 billion for this year, congressional aides said Thursday.
Instead of a $400 billion 10-year price tag, Bush's 2005 budget will estimate the Medicare bill's cost at about $540 billion, said aides who spoke on condition of anonymity. Bush will submit on Monday a federal budget for the fiscal year 2005, which starts next Oct. 1.
Bush just signed the Medicare measure into law last month. While it was moving through Congress, Bush, White House officials and congressional Republican leaders had assured doubting conservatives that the bill's costs would stay within the $400 billion estimate.
TOPICS: Breaking News; News/Current Events
KEYWORDS: biggovernment; medicare
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To: RWR8189
It is not easy to make sense of the numbers floating around. Is the cost of the Pill Bill plus Medicare increases--just the increases--to be $54 billion this year? If so, contrast NASA's increase of $200 million and the Arts increase of $20 million and the amount of commentary the smaller items are getting. Are we concerned in inverse proportion to the size of the expenditure?
21
posted on
01/29/2004 10:51:31 AM PST
by
RightWhale
(Repeal the Law of the Excluded Middle)
To: RWR8189
President Bush's new budget will project that the just-enacted prescription drug program and Medicare overhaul will cost one-third more than previously estimated Golly, who could have predicted that a government program will cost more than originally estimated? That's never happened before! But hey, it's for the children! Oh, wait, it's not for the children...must be some vote buying in there somewhere.
22
posted on
01/29/2004 10:51:42 AM PST
by
.38sw
To: familyofman
Yeah, this is just the first revision.
In 10 years, it's going to cost 10 times the projected amount.
23
posted on
01/29/2004 10:51:58 AM PST
by
Guillermo
(It's tough being a Miami Dolphins fan)
Comment #24 Removed by Moderator
To: Arviragus
Criticize away, the situation surely calls for it. Just make sure you that you don't stay home in November.
To: LowCountryJoe
But at what point is it too much?
26
posted on
01/29/2004 10:55:47 AM PST
by
Blood of Tyrants
(Even if the government took all your earnings, you wouldn’t be, in its eyes, a slave.)
To: LowCountryJoe
You know what? Things really change when you've been LIED to. This new drug program was not supposed to cost more that $400 billion over 10 years. Remember?
Now it's already up to $540 billion -- and the G- damn budget hasn't even been approved yet!!!
I'm an just sooooooooo freekin' pissed!!!!!!!!
And you Bushbots are such suckers, I can't believe it!
27
posted on
01/29/2004 10:56:23 AM PST
by
kevao
To: RWR8189
If you think this is bad, just wait until the Mars program actually gets going. NASA's inability to live within budget projections makes Medicare look like it is being run by Ebeneezer Scrooge.
To: familyofman
No surprises here. When was the last time a budget, or cost estimate been even close? They were only off by a little bit - cut them some slack. just curious...did you forget your /sarcasm tag ??
To: RWR8189
You know what this sucks - but we still have no choice but to vote for Bush because National Security is too important to be left to the Democrats.
2008 is when Conservatives will have to move the party back to it's conservative roots - sitting out 2004 is not an option.
In 2008 we're going to have to nominate a real conservative like Mark Sanford or Bill Owens to clean up the mess Bush will leave us with.
30
posted on
01/29/2004 10:59:16 AM PST
by
Pubbie
(We would have the WMDs if Powell and Rice hadn't made a 6 month UN detour)
To: kevao
"...And you Bushbots are such suckers, I can't believe it!"
Bushbot? I'm not even a Republican! I'm a classical liberal.
To: Pubbie
to nominate a real conservative like Mark Sanford or Bill Owens Who?
32
posted on
01/29/2004 11:01:22 AM PST
by
RightWhale
(Repeal the Law of the Excluded Middle)
To: RonPaulLives
"...did you forget your /sarcasm tag ??"
No, I didn't think it was necessary when talking about budget/cost estimates, which seem to be authored by The Brothers Grimm.
Don't forget the mantra - deficits don't matter.
To: RightWhale
"Mark Sanford"
The current Governor of South Carolina
"Bill Owens"
The current Governor of Colorado.
34
posted on
01/29/2004 11:03:22 AM PST
by
Pubbie
(We would have the WMDs if Powell and Rice hadn't made a 6 month UN detour)
To: RWR8189; Pubbie; Torie; ambrose
THE ERA OF BIG GOVT IS BACCCCCCCCCCCCCCK !
35
posted on
01/29/2004 11:04:54 AM PST
by
KQQL
(@)
To: diamondjoe
just wait until the Mars program actually gets going If we would recognize private property rights in outer space there wouldn't need to be a moon program or Mars program. Cost of recognizing private property rights would be a clerk and a big book to record deeds.
36
posted on
01/29/2004 11:05:08 AM PST
by
RightWhale
(Repeal the Law of the Excluded Middle)
To: Dane; Miss Marple
Woooo Hooo!!!
Pork for everybody.
37
posted on
01/29/2004 11:05:31 AM PST
by
OWK
To: LowCountryJoe
Right, as the southern borders are wide open; makes me feel real safe.
38
posted on
01/29/2004 11:06:10 AM PST
by
DLfromthedesert
(What is the point of fighting in Iraq if we surrender to Vicente?)
To: TheAngryClam
Bush is a Conservative Ping.
39
posted on
01/29/2004 11:06:57 AM PST
by
ambrose
To: RWR8189
"Grandma, why are you laughing? What do you mean that I better like to work for peanuts? Does that have to do with all those free pills you got?"
40
posted on
01/29/2004 11:08:43 AM PST
by
KantianBurke
(Principles, not blind loyalty)
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