Nancy Pelosi strode into the Capitol Building bearing the gavel used in the passage of Medicare in 1965. For me, that gavel has a much different symbolism than I would guess it does for her.
For me, it reminds me that Medicare cost more than seven times what it was originally projected to, and now faces an unfunded liability of over $29 trillion (summing the NPV of excess liabilities of Medicare Part A, B, and D from the tables on pages 50 and 51).
Nothing like reminding everyone of the budget-busting incompetence that has gone before as you sign off on yet another multi-trillion dollar entitlement.
No comments:
Post a Comment