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PRESCRIPTION DRUG BILL 'MAY BE THE MOST FINANCIALLY IRRESPONSIBLE LAW IN 40 YEARS';
http://www.drudgereport.com/flash3.htm ^
| March 1, 2007
| Edcoil
Posted on 03/01/2007 11:06:13 AM PST by edcoil
Bill Will Add $8 Trillion to Long-Term Medicare Obligations - That Could Already Bankrupt the U.S.
The U.S. government's top accountant says the law that added a prescription drug benefit to Medicare may be the most financially irresponsible legislation passed since the 1960s.
U.S. Comptroller General David Walker says Medicare -- barring vast reform to the program and the nation's healthcare system -- is already on course to possibly bankrupt the treasury and adding the prescription bill just makes the situation worse. Walker appears in a Steve Kroft report to be broadcast on 60 MINUTES Sunday, March 4 (7:00-8:00 PM, ET/PT) on the CBS Television Network.
(Excerpt) Read more at drudgereport.com ...
TOPICS: Government; News/Current Events
KEYWORDS: genx
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Thanks George. Now you know why the "right" did not turnout in the polls.
1
posted on
03/01/2007 11:06:16 AM PST
by
edcoil
To: edcoil
Ahhhhhh come on! We just need to send them more money!
2
posted on
03/01/2007 11:08:41 AM PST
by
sheana
To: edcoil
But the point of the piece is no doubt, that the Democrat Plan which was twice as big, wouldn't have been bad
3
posted on
03/01/2007 11:08:55 AM PST
by
digger48
To: edcoil
"the 'right' did not turnout in the polls." After the next attack I'll have to ask you to remind me of that transcending wisdom.
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To: edcoil
5
posted on
03/01/2007 11:11:33 AM PST
by
WV Mountain Mama
(Algore put the mental in environmental.)
To: digger48
Hmm. Maybe that should be the republican slogan in 2008: "Vote for the GOP: it'll take us twice as long to bankrupt the government!"
To: I see my hands
You know, I see that posted all the time. I can assure you that I voted. I can also assure you that it wouldn't be hard for some arab to WALK across our border and do loads of harm if he felt like it. Of course, I am not naive enough to believe that there aren't enough already here that could do that. I mean the state department did an exchange program that brought over about 40,000 arabs for college this year.
7
posted on
03/01/2007 11:16:48 AM PST
by
WV Mountain Mama
(Algore put the mental in environmental.)
To: edcoil
Has the cost of the Prescription Drug plan offset any amount that would have been a result of surgery and if so by how much?
8
posted on
03/01/2007 11:16:52 AM PST
by
tobyhill
(The War on Terrorism is not for the weak.)
To: Publius Valerius
9
posted on
03/01/2007 11:24:32 AM PST
by
alice_in_bubbaland
(As for me, I will remain neutral...for the time being.)
To: I see my hands
Hopefully, the message sent to future "republicans" is don't expand an already bloated, failed government and tax money from my children to fund your exclusive club.
10
posted on
03/01/2007 11:33:03 AM PST
by
edcoil
(Reality doesn't say much - doesn't need too)
To: edcoil
This article is absolutely correct. The part about it is the boomers fault once again just ticks me off. They have know about the short comings of the ponzi scheme of SS for decades and did nothing about it. Now since all these workers that have supported these benefits to others start to age, this is suddenly their fault? I surely wasn't my fault for the last 35 years of employment to pay towards this BS scheme.
Ugh! I'm going to have to stop reading these articles.
11
posted on
03/01/2007 11:34:14 AM PST
by
poobear
(Carter & Clinton - 'The Latter Day Church Of Jew Haters & Horndogs')
To: poobear
12
posted on
03/01/2007 11:35:11 AM PST
by
poobear
(Carter & Clinton - 'The Latter Day Church Of Jew Haters & Horndogs')
To: edcoil
Ronald Reagan said: a government program has the closest thing to eternal life of anything. Once the government has obligations, you cannot go back.
13
posted on
03/01/2007 11:37:32 AM PST
by
LtdGovt
("Where government moves in, community retreats and civil society disintegrates" -Janice Rogers Brown)
To: edcoil
I can't wait to see how much the "fix" is going to cost us.
14
posted on
03/01/2007 11:37:54 AM PST
by
Doohickey
(I am not unappeasable. YOU are just too easily appeased.)
To: Doohickey
I can't wait to see what else the boomers vote themselves once they all retire.
15
posted on
03/01/2007 11:41:55 AM PST
by
TUAN_JIM
(Sic Semper Tyrannis)
To: qam1
16
posted on
03/01/2007 11:41:55 AM PST
by
WV Mountain Mama
(Algore put the mental in environmental.)
To: poobear
"It surely wasn't my fault for the last 35 years of employment to pay towards this BS scheme."
I agree completely. This govt. took thousands of dollars from me and from my husband by force of law and I want it back.
Carolyn
17
posted on
03/01/2007 11:42:09 AM PST
by
CDHart
("It's too late to work within the system and too early to shoot the b@#$%^&s."--Claire Wolfe)
To: edcoil
Yep. This is why the Dems weren't getting any traction with it when they originally proposed it. Then, they dropped the idea and W co-opted it.
It was a bad idea when the Dems dreamed it up and it didn't get any better when W enacted it.
FWIW, it's still a bad idea and getting worse by the minute.
18
posted on
03/01/2007 12:20:03 PM PST
by
DustyMoment
(FloriDUH - proud inventors of pregnant/hanging chads and judicide!!)
To: edcoil
Hmm. The right raised questions about Bush's compassionate conservatism in 2000. We were told to compromise for the good of the party. We got No Child Left Behind, the Medicare Prescription Bill, $15 Bil in AIDS money to Africa, and have amnesty looming on the horizon. Just for starters.
Now we are being asked to go even FURTHER left for Rudy. We are told to compromise FURTHER for the good of the party.
19
posted on
03/01/2007 12:22:40 PM PST
by
dirtboy
(Duncan Hunter 08)
To: poobear
All I know is that it ain't the Boomers who scream bloody murder when SS reform comes up, and it ain't the Boomers who scream for free drugs from the Government.
20
posted on
03/01/2007 12:24:51 PM PST
by
Wolfie
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