PRESCRIPTION DRUG BILL 'MAY BE THE MOST FINANCIALLY IRRESPONSIBLE LAW IN 40 YEARS';

http://www.drudgereport.com/flash3.htm ^ | March 1, 2007 | Edcoil

[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.

[edcoil]

Thanks George. Now you know why the "right" did not turnout in the polls.

[sheana]

Ahhhhhh come on! We just need to send them more money!

[digger48]

But the point of the piece is no doubt, that the Democrat Plan which was twice as big, wouldn't have been bad

[I see my hands]

"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.

[WV Mountain Mama]

Barf.

[Publius Valerius]

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!"

[WV Mountain Mama]

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.

[tobyhill]

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?

[alice_in_bubbaland]

LOL!

[edcoil]

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.

[poobear]

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.

[poobear]

Bad posting apologies.

[LtdGovt]

Ronald Reagan said: a government program has the closest thing to eternal life of anything. Once the government has obligations, you cannot go back.

[Doohickey]

I can't wait to see how much the "fix" is going to cost us.

[TUAN_JIM]

I can't wait to see what else the boomers vote themselves once they all retire.

[WV Mountain Mama]

X'er ping

[CDHart]

"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

[DustyMoment]

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.

[dirtboy]

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.

[Wolfie]

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.