http://www.economist.com/world/displaystory.cfm?story_id=8103528
"The biggest handout was a prescription-drug entitlement for the elderly, known as Medicare Part D, which passed by a handful of votes in 2003. It addressed a real problem: some 22% of the elderly lacked drug coverage. But it did so in the costliest way imaginable. It is not means-tested, so old people who previously paid for their own drug coverage have an incentive to mooch off the taxpayer instead. It will cost an estimated $1.2 trillion over the first ten years—making it the biggest expansion of the welfare state since Mr Bush was dancing the Alligator at Yale."
"This was less than two months after the passage of the lardiest highway bill of all time, including a $223m bridge connecting the Alaskan town of Ketchikan to an island with a population of 50."
2006-11-10
08:19:21
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7 answers
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Anonymous
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Politics & Government
➔ Politics
"In the end, though, Mr Bush made the response to Katrina a federal responsibility, and the federal government botched it. The rescue effort was ill co-ordinated. Billions of relief dollars were wasted. The Department of Homeland Security's inspector-general noted, for example, that $900m was splurged on 26,000 mobile homes for evacuees, when regulations forbid the use of such homes on flood plains, so 11,000 of them were left “sinking in the mud” in Arkansas."
I thought Republicans were supposed to be conservative which means small government. I wish we could get back to that, because these policies are idiotic. Under Bush, federal spending per person has increased by 3.1%; 10 times the amount of the Democrat (wtf?) before him.
2006-11-10
08:21:06 ·
update #1