Obama: White House Prescription Plan Less Expensive Than Michael Jackson's

07/04/2009 12:45 pm ET | Updated May 25, 2011

In an Independence Day speech to the nation, President Barack Obama acknowledged that the White House's prescription drug plan would be costly but added, "It still won't be as expensive as Michael Jackson's."

The President added that the government might achieve additional savings by acquiring drugs in bulk from the Jackson estate.

"We've done an inventory of the left-over painkillers at Neverland Ranch," Mr. Obama said. "There's enough junk there to tranquilize the entire nation until the year 2050." More Andy Borowitz here.