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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: PartyTime who started this subject1/29/2004 5:56:40 PM
From: Lizzie Tudor  Read Replies (2) of 173976
 
Bush Budget Raises Cost of Medicare

Bush Budget Raises Estimated Cost of Medicare Overhaul by About One-Third

WASHINGTON Jan. 29 — President Bush's new budget will project that the just-enacted prescription drug program and Medicare overhaul will cost one-third more than previously estimated and will predict a deficit exceeding $500 billion for this year, congressional aides said Thursday.

Instead of a $400 billion 10-year price tag, Bush's 2005 budget will estimate the Medicare bill's cost at about $540 billion, said aides who spoke on condition of anonymity. Bush will submit on Monday a federal budget for the fiscal year 2005, which starts next Oct. 1.
abcnews.go.com
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