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ITEM: Approval of a major Medicare bill was a political victory for President Bush, reported the New York Times for November 25. "The Senate passed a sweeping Medicare bill ... that would add new prescription drug benefits for millions of older Americans as part of the biggest revision in the program since it was created in 1965 as a cornerstone of the Great Society." The president hopes to use the bill's passage in his re-election campaign, said the Times, "to support his contention that Republicans can be trusted more than Democrats to protect the interests of Americans over age 65."
BETWEEN THE LINES: This political maneuver, aiming to purchase votes with the largest entitlement expansion in four decades, should dissolve any belief in GOP fiscal responsibility. Ironically, a number of Capitol Hill observers admitted to us that if a Democratic president had pushed the very same legislation, it would have been supported by the Democratic Party, while many Republicans would have opposed it vigorously.
However, under the supposedly frugal Republicans, overall federal spending is up by nearly nine percent this fiscal year, and by an incredible 21 percent in two years. That, of course, is before this Medicare expansion kicks in--though few really think the cost will be held to $400 billion over 10 years. Remember that Senator Ted Kennedy (D-Mass.) has termed the supposed $400 billion drug prescription expansion "only a down ...