The White House is owning up to the fact that the prescription drug benefit program will cost, not in the neighborhood of $300B as they put out during its debate; not over $500B, a number they fired an Admin official for putting out after the debate, but
$1.2Trillion dollars.
You can just faintly hear the Starve-The-Beast economists in the West Wing: Gosh, it's THAT expensive? I guess we'll just have to cut the program.
Dig that: get credit for starting a costly benefit program with the voters you need to re-elect you, but still get your ideology for cutting the program after you're re-elected -- not to mention for killing the drug program in medicare that the new program replaced.
Oh, and the elderly lose too.
Wednesday, February 09, 2005
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