Political Quotes

Jack Kingston: But there are examples of exactly what the gentleman is talking about and exactly what the nonpartisan CBO is talking…

On the recordFebruary 9, 1994
But there are examples of exactly what the gentleman is talking about and exactly what the nonpartisan CBO is talking about when they say this is going to add $74 billion to the deficit. And that was the example that in 1965 when Medicare came about the administration at the time underestimated it by 70 percent. The first 5 years it cost 70 percent more than they projected, and the projection was not a conservative one.
Said by
Jack Kingston
Georgia

Editor's note · Context

The speaker discusses the financial implications of Medicare and its underestimated costs.

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