Thursday, September 17, 2009

Cost Estimates of Government Programs

When medicare was proposed, it was estimated that by 1990 it would cost 12 billion dollars a year.

When 1990 came around, it came in at 107 billion dollars a year.

So what if they cut 200 billion from this health care bill and get it down to 800 billion. Anyone care for a bill for 7.2 trillion? Any takers?

In 1900, the Federal government consumed less than 5% of the GDP.

Today, it's over 28%.

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