Bush Deficit vs. Obama Deficit in Pictures » The Foundry
President Bush created a Medicare drug entitlement that will cost an estimated $800 billion in its first decade. President Obama has proposed a $634 billion down payment on a new government health care fund.
By way of perspective, this:
Medicare Drug Cost Estimates: What Congress Knows Now
When Congress enacted the Medicare Modernization Act (MMA) in November 2003, it relied on cost estimates by the Congressional Budget Office (CBO). The CBO estimated the 10-year cost of the drug provisions at $394 billion for the period 2004 to 2013.
Apply an even greater multiplier to Obama’s first pass at French-style socialized medicine.
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