When Congress voted to cover prescription-drug costs for Medicare beneficiaries, President Bush got a chance to boast of his Trumanesque buck-stopping as the nation's top executive. "We have a responsibility in Washington to solve problems and not pass them on," he said. As the largest expansion of the program since its inception in 1965, the $400 billion plan was a big solution indeed. But for a band of deficit hawks and rainy-day worriers in Washington, it was a horror--the latest evidence that in the past five years they have become voices in the wilderness. How to keep the federal budget in...
Can We Afford All This?
The $400 billion MEDICARE benefit is the latest in a string of pricey outlays--and Congress's spending spree is not over. Does it matter, and does anybody care?
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