Wednesday, August 11, 2010

Medicare and Bush's Tricks

Unfortunately, Bush's tricks are now Obama's tricks too. Just as Bush put out budgets that had little to do with reality (especially regarding projected deficits and using unrealistically rosy best-case scenario projections) Obama's Medicare cost projections are dangerously unrealistic. Medicare's chief actuary says: "There is a strong likelihood that the cost projections in the new trustees report under current law understate the actual future cost that Medicare will face. A strong likelihood." More here.

If Bush's budget fantasies bothered you - and they should have - then so should this.

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