Posted on 01/30/2004 9:06:22 AM PST by Sub-Driver
Wealthy Senators to Cover $130B Medicare Drug Gap (2004-01-30) -- Wealthy U.S. Senators from both sides of the aisle today agreed to use their personal funds to make up the difference between the promised cost of the new Medicare drug benefit and the latest Bush administration cost estimates -- a gap of about $130 billion over 10 years.
"Like any other business, when you make a mistake you have to eat it," said an unnamed aide to Senate Majority Leader Bill Frist, R-TN. "We can't go to the taxpayers and say 'Oops! We said we needed $400 billion of your money, but it's really $530 billion.' They'd tar and feather us -- or at least vote us out of office."
Although only 11 Democrats voted for the measure, the other 35 agreed to help plug the funding gap because they only voted against it because they want a more expensive plan.
"If we had our way," said an unnamed Democrat senator, "We'd be talking trillion, instead of billion. It's only fair that we pony up for this."
The Senators said they would get some help paying for the new entitlement program by lifting the cap on contributions to legislators by pharmaceutical industry lobbyists.
Meanwhile, independent Vermont Sen. Jim Jeffords introduced a bill calling on the Bush administration to reduce its estimate of the cost of the Medicare drug plan.
Probably closer to the truth than calling the current occupant's domestic policies conservative.
I have just about decided to vote for republicans for congress and a vote for a conservative so a demo rat will win to grid lock congress.
A grid locked congress is better than a conservative pubbie in the white house.
Won't cost me so much in taxes, just like my tax cut this year.
earn an extra thousand and pay another 788. in taxes.
Some tax cut, i apologize I thought I had earned the same as last year, earned a 1000 more.
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