Wednesday, November 23, 2011
Medicare Part D
Bruce Bartlett highlights how Newt Gingrich added $16 trillion to the Federal Debt. I'm not one to defend Newt, or Medicare Part D, but technically, that is the long-term cost of the program. We don't even want to consider how much traditional Medicare will cost long-term. He is right though that Gingrich lobbied on behalf of a very expensive program with no funding mechanism to raise revenues. Also, the Bush administration low-balled the program cost by a significant factor at the time the program was debated. I agree with Bartlett's point that Newt is a jackass who claims to do things totally different than he actually did. Some historian!
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