Mises Wire

Fiscal Rhetoric and Reality

Fiscal Rhetoric and Reality
On the same day that the president says in his State of the Union speech:
America’s prosperity requires restraining the spending appetite of the federal government. I welcome the bipartisan enthusiasm for spending discipline.
...one of the big news stories is the announcement that Viagra would be covered by Medicare--to a tune of a half a trillion dollars over the next ten years--thanks to a bill signed into law two years ago.
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