Thursday, February 10, 2005

Shocking revelation: pills are expensive

In terms of the first four years of Dubya’s presidency, there’s been no issue I’ve been more critical of than the prescription drug benefit. Now estimates for the cost of the Medicare expansion have skyrocketed to $700+ billion over ten years. Ironically, this is almost the exact same projected cost for the transition to personal savings accounts for Social Security reform. Would seniors be willing to give up a small portion of their ever-escalating federal benefits to help younger workers save for their own future?

Yes, that was a rhetorical question. Nevermind.

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