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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (740719)9/20/2013 3:52:06 PM
From: i-node  Read Replies (1) of 1576102
 
>> That's quite an exaggeration.

In 1965, when selling Medicare, it was projected to cost $12 Billion in 1990 (25 years later). Actual cost came in at $98 Billion.

In 1987, it was projected that Medicaid "special relief" payments five years hence would run $1 Billion. In 1992, actual cost: $17 Billion.

For Obamacare, the projections will be off by an order of magnitude, as the federal government has to step in and pay for unfunded mandates for new Medicaid recipients. Now, it is true -- I won't be on here in 40 years to see who was right. But I will have been closer than any other projection you've seen to date.

And even if I'm wrong by half, it will leave the country so deeply in debt that it cannot survive it, at least not in any recognizable form.
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