Posted: 2/7/2008 1:34:32 PM EDT
|
For example, Social Security being introduced in 1935 what was the originally projected costs? How much overrun is there from those projection? "In 1940, benefits paid totaled $35 million. These rose to $961 million in 1950, $11.2 billion in 1960, $31.9 billion in 1970, $120.5 billion in 1980, and $247.8 billion in 1990 (all figures in nominal dollars, not adjusted for inflation). In 2004, $492 billion of benefits were paid to 47.5 million beneficiaries.' -Wikipedia How about Medicare, Massachusetts' Socialized Medical Program, and any other examples you can think of. |
Sure I know it's all overrun I'm just trying to confirm the numbers of the stated proposed budget and what it actually is. Is it 10x, 100x, 1000x? Looking for factual information of the original bills or committe documents. |