Thursday, October 16, 2008

Next up on the bubble horizon Medicare and Social Secruity

A Washington Times Op Ed Piece.

The potential taxpayer bailout for Medicare alone is 50 times greater than the recently passed bailout bill. For all entitlements, the potential tab totals 80 times today's bailout.

It's highly unlikely that an Obama Administration will face this down. More likely scenario - he adds to the entitlement pig.

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