In 1966, the House Ways and Means Committee declared that by the year 1990, Medicare would cost no more than $12 billion.
In fact, Medicare cost just over $107 billion in 1990...NINE TIMES as much as the authors' blithely predicted back in the halcyon days of LBJ's Great Society.
Today, Medicare costs more than twice what it cost in 1990, AND it is still bound for bankruptcy by 2019.
To this manifestly insolvent federal health care system, Obama wishes to add nearly fifty million uninsured, with the costs of such an expansion ranging from a mere trillion dollars to nearly two trillion dollars.
Keeping in mind what we've learned from the history of Medicare cost estimates, I'd take whatever number they're throwing out now and multiplying it by nine...just for starters.
We do not have the money for another federal entitlement program. We don't have the money for the entitlement programs that we already have. Let's not add more.
