THE BLOG

SCHIP Costs Too Much!?!?!?!?!

05/25/2011 12:15 pm ET

From Bloomberg:

President George W. Bush today vetoed legislation that would have expanded a children's health insurance program, telling lawmakers they should send him a version that will cost less and focus on low-income families.

OK -- let me get this straight. SCHIP costs too much. Let's mull that over. SCHIP costs too much.

Where the hell was this man for the last 6 years!?!?!?!?!

Let's go to the CBO to see what ol' Bush has been up to.

According to the historical budget data, total federal outlays have increased from 18.5% of GDP in 2001 to 20.3% in 2006. That's some fiscal prudence.

Discretionary spending increased from $649.3 billion in 2001 to $1.016 trillion in 2006. That's a 56.47% increase.

And who can forget my personal favorite "shut the supply-siders up" chart -- the hopefully now famous "total federal debt outstanding chart

But -- SCHIPs costs too much.

Maybe we should have included an arms appropriation in the bill. Then Bush would have given it a blank check.

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