Projection of costs..... Projection of costs..... - Talk of The Villages Florida

Projection of costs.....

 
Thread Tools
  #1  
Old 08-25-2009, 09:02 PM
Guest
n/a
 
Posts: n/a
Default Projection of costs.....

for federal programs.....this article by David Gergen has a main thrust of warning about the deficit we are growing and China's involvement in that, but this short part of the article...

"People have long memories, and they will recall that when Medicare was passed in the mid-1960s during the LBJ years, the House Ways and Means Committee projected that Medicare would cost about $12 billion in 1990; in 1990, it reportedly cost some $107 billion.

When Washington enacted prescription drug reform in the George W. Bush years, the administration put a price tag on it of $400 billion over nine years; new estimates have projected a cost of $724 billion over nine years. More recently, Massachusetts has embraced a health reform plan that is widely hailed – and serves as a model for the national effort this year – but it, too, has far outstripped original cost estimates."

Keep this in mind as you hear cost estimates !!!

http://ac360.blogs.cnn.com/2009/08/2...bama-might-do/
  #2  
Old 08-25-2009, 09:19 PM
Guest
n/a
 
Posts: n/a
Default

Good post. Exclude all of that and we are still going trillions and trillions in debt with no end in sight. Does this not alarm anyone? Our government is out of control.
 


You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 11:30 AM.