Deficit Hypocrisy

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“Republican Deficit Hypocrisy”

(Forbes) – “As far as I am concerned, any Republican who voted for the Medicare drug benefit has no right to criticize anything the Democrats have done in terms of adding to the national debt,” said Bruce Bartlett, an official in the administrations of Ronald Reagan and George H.W. Bush. He made his comments in a Forbes article titled “Republican Deficit Hypocrisy.”

Bartlett said the 2003 Medicare expansion was “a pure giveaway” that cost more than this year’s Senate or House health bills will cost. More important, he said, “the drug benefit had no dedicated financing, no offsets and no revenue-raisers. One hundred percent of the cost simply added to the federal budget deficit.”

Recall the situation in 2003. The Bush administration was already projecting the largest deficit in American history–$475 billion in fiscal year 2004, according to the July 2003 mid-session budget review. But a big election was coming up that Bush and his party were desperately fearful of losing. So they decided to win it by buying the votes of America’s seniors by giving them an expensive new program to pay for their prescription drugs.

The pending health care bills in Congress, he noted, are projected to add nothing to the deficit over 10 years.

Republican senators don’t want to be reminded of their 2003 vote

"But I will not let myself be reduced to silence."

Author: Oui

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