Posted on 04/24/2007 9:46:26 AM PDT by Wuli
If you put the federal government in charge of the Sahara Desert, Nobel economist Milton Friedman once quipped, in five years thered be a shortage of sand. Friedmans admonition is especially pertinent to the ongoing effort by Senate liberals to give federal bureaucrats a leading role in setting the price of drugs for seniors.
Their track record on this front, not surprisingly, is appalling.
Two years ago, Senate liberals, led by Sen. Majority Whip Dick Durbin (D.-Ill.), sought to head off implementation of the new federal drug entitlement for seniors (not a bad idea, given that its available to even the wealthiest seniors and adds trillions to our long-term debt). But they did this for the wrong reasons and pursued the wrong remedy.
Durbin bemoaned the absence of a heavy regulatory role for Uncle Sam. Left to negotiate freely, insurers that offer drug coverage under Medicare, he feared, would conspire with drug manufacturers to gouge seniors, and send the cost of prescription drugs under the program through the roof.
The best way to contain those costs, Durbin argued,......................
(Excerpt) Read more at humanevents.com ...
What had Dick Durbin EVER been right about. He is a cheap toady who simply echos the talking points passed out on the daily fax from moveon.org, and has NEVER had an original thought of his own. Let alone a reasoned original thought.
Durbin bemoaned the absence of a heavy regulatory role for Uncle Sam.
We don’t call him Seantor Dickhead for nothing.
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