Wednesday, May 13, 2009

Ghost of entitlements past








The top graph is from the 2009 Trustees report, the middle graph from 2004, and the bottom graph from 2003. Two observations:
  1. The outlook has actually improved a bit since 2004.
  2. The big change has been from 2003 to 2004, with the addition of Medicare Part D (prescription drugs). It's worth remembering that Part D was pushed by (Republican) President George W Bush.

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