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jfern
Atlas Institution
Posts: 53,820
Political Matrix E: -7.38, S: -8.36
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« on: February 18, 2006, 03:56:43 PM » |
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That bill was a disaster.
1. The Bush adminstration said it would cost around $350 billion over 10 years. The true cost will be more like $1.2 trillion 2. The CBO guy was told he'd be fired if he corrected this estimate before the vote. 3. The vote was held open for around an hour, and the Republican leadership ended up trying bribe people on the floor of the House. It ended up passing by like 1 vote. 4. It's a giant give away to the drug companies. Despite NAFTA, it's still illegal to import prescription drugs from Canada. 5. It's very complicated, for instance you get a 1% per month penalty for signing up late, and that's a penalty you'll have to pay each month. WTF?
Overall, a truly horrible peice of legislation.
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