Russell and Duenes

it’s only nine times more than they said it would be

with 2 comments

In this month’s Imprimus newsletter, Wisconsin Congressman Paul Ryan notes,

In 1966 the cost of Medicare to taxpayers was about $3 billion. The House Ways and Means Committee estimated that it would cost $12 billion (adjusted for inflation) by 1990. The actual cost in 1990 was nearly nine times that – $107 billion. By 2009 Medicare costs reached $427 billion, with Medicaid boosting that by an additional $255 billion. And this doesn’t take into account the Medicaid expansion in last year’s “stimulus.”

Thus, the laughably false blather that keeps coming out of the mouths of those politicians who tell us that government run health care will reduce the deficit over the long run should make us want to stick our collective head in the oven.



Written by Michael Duenes

March 12, 2010 at 5:46 am

Posted in Duenes, Economics

2 Responses

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  1. Hey, I thought you said you weren’t blogging about political things anymore.


    March 12, 2010 at 9:28 pm

  2. I broke down.



    March 12, 2010 at 9:37 pm

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