Thursday, December 30, 2004

Read & Pass Along

Ignorance is not the same thing as stupidity.

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Peddling a Crisis (The Wrong One)

The shortfall in Bush's prescription-drug program is a far bigger problem than Social Security

By Alan Sloan
MSNBC

"Bush talked about Social Security's being a $10.4 trillion problem. That's how much you'd have to give Social Security today for it to continue paying benefits indefinitely under its current formula. But the shortfall in Bush's Medicare drug program is $17 trillion. In other words, the problem that Bush himself created a year ago is two thirds again as large as Social Security's problem. What's more, the drug plan starts costing taxpayers big bucks just a year from now, in 2006. We'll borrow it, of course. "

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