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Promises, Promises, Promises

Congress is due back in session next week with health care legislation their top priority, and President Obama is  scheduled to address a joint session of Congress on Wednesday, September 9 on health care. As a result, it’s worth considering the promises made by past Congresses and presidents.

In his Townhall.com column this week, economics professor Walter E. Williams looks at some of the promises made in support of past tax and social welfare legislation. Here is just one example:

“At its start, in 1966, Medicare cost $3 billion. The House Ways and Means Committee, along with President Johnson, estimated that Medicare would cost an inflation-adjusted $12 billion by 1990. In 1990, Medicare topped $107 billion. That's nine times Congress' prediction. Today's Medicare tab comes to $420 billion with no signs of leveling off. How much confidence can we have in any cost estimates by the White House or Congress?”

Take a few moments to read Dr. Williams’ entire column to learn other promises made in support of federal legislation. By the way, Dr. Williams guest hosted the Rush Limbaugh Show today, and here's a link to the webpage containing content links and several comments he made during the show.

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