Miscellaneous 158

1) In 1967, the federal government projected Medicare spending to be approximately $12 billion in 1990. The actual cost was $98 billion (that's a 717% miscalculation for those of you who are brave enough to keep a tally) and the current expense is now well over $500 billion. To say that I am looking at the current projections of Obamacare with a grain of salt these days is an understatement.............2) And, yes, to be fair and balanced about it, one could absolutely make a similar criticism pertaining to the Iraq War. Mr. Bush's initial projections on that conflict were somewhere in the $50-60 billion dollar range and we have obviously exceeded that in spades and multiples. The way that I see it here, neither party has been a very good steward of the taxpayer's money - NEITHER SIDE.............3) According to the IRS, only 23% of the top 1% of America's wage-earners are millionaires. Correct me if I'm wrong here but it seems as if Mr. Obama has a tendency to conflate these two groupings and tries his best to make hay over it. If I were advising the fellow......