Who passed the largest entitlement program since Medicare?
The Medicare drug program - Part D - was the largest expansion of entitlement programs since the Great Society.
And it was - and is - a Republican program. A political masterstroke, Part D undoubtedly helped George W Bush get re-elected along with many GOP legislators, as seniors loved the new program.
It was also completely unfunded; short term, long term, any term.
The GOP decided to NOT set aside funds, or raise taxes, or cut other programs; they just passed Part D, committed to paying for it out of 'general funds' and to hell with the future.
You may be shocked to learn that the Democrats’ Inflation Reduction Act actually reduced the ultimate cost of Part D by enabling the Feds to negotiate drug prices and forced Pharma to pay drug rebates to offset senior’s premium costs.
The latest US Treasury’s Annual Report indicates the Republicans’ Part D program has contributed $88.4 trillion to the ultimate Federal deficit. (page 68)
I bring this up not to anger my conservative readers, but rather to educate some who aren't aware that Part D, and the costs of Part D, are the handiwork of George W Bush, John Boehner, Mitch McConnell and their fellow Republican Senators and Representatives.
Yep, the strident voices screaming for cost control were single-handedly responsible for a program that's added $88.4 trillion to the ultimate deficit.
Here's how one Libertarian sees the GOP legislators who voted for Part D.
"In particular, anyone who was in a position to vote on it, and voted for it, can simply never, ever be trusted to guard free enterprise or the Constitution against the ravages of Washington's welfare state...Every single one of these folks, without exception, is in no position to criticize Obamacare or claim to want to beat back the tide of socialism [emphasis added] that supposedly began when Obama rose to power. Every single one of them voted to shovel tax dollars to the pharmaceutical industry and the wealthiest age demographic -- the elderly -- in unambiguous defiance of the Constitution, individual liberty, the free market, fiscal sanity and classical American values."
What does this mean for you?
Facts matter.



Solid read. The “party of fiscal responsibility” narrative gets a lot harder to sell when you look at who actually signed the biggest entitlement expansions into law. History has receipts.