“A calamity”. “Good policy can make for good politics, and bad policy can make for bad politics. Republicans may be about to discover this truism with their Medicare drug benefit, passed by Congress in 2003 and scheduled to take effect in January. As policy, the drug benefit is a calamity. It worsens one of the nation’s major problems (paying baby boomers’ retirement costs) while addressing a nonexistent “crisis” (allegedly oppressive drug costs for retirees). Its purpose was mostly political: to bribe the elderly or soon-to-be-elderly to support Republicans in 2004. Now it may backfire on Republicans.”
