Posted by
Always To The Right on Sunday, November 08, 2009 9:29:23 PM
Maybe the bill passed by the House on
Saturday night will stay within its cost projections. Of course, you
have several cost projections to choose from. The Democrats’ cost
claims are all ridiculous lies, designed using accounting techniques
that would land private businessmen in jail, just in time to save them
from being drawn and quartered by stockholders. The Heritage Foundation’s estimate of
$2.4 to $2.6 trillion over 10 years, beginning when the House bill
transitions from front-loaded tax hikes to full Daffy Duck freak-out
spending in 2014, is the most logical projection of its true costs
I’ve seen.
Even this will likely prove to be an
underestimation of the true long-term costs. No other Big Government
program has ever stayed within an order of magnitude of the promises
made when it was signed into law. Medicare originally cost about
$3 billion, when it began in 1965, and was projected to cost about $12
billion by 1990, adjusted for inflation. The actual cost in 1990 was
nearly ten times that figure, $107 billion. It was up to $440 billion
by 2007. The architects of the program would have been run out of town
on a rail, if these future costs had been known to the voters of 1965.