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Kerry was answering a charge that he opposed tort reform and that "frivolous" lawsuits were costing the government $28 billion. Kerry's percentage figure was in the ballpark; health-care spending in 2002 was $1.6 trillion, and according to the Congressional Budget Office, malpractice costs were an estimated 1.5% of the total. Moreover, several studies have concluded that capping malpractice-lawsuit awards would have a negligible impact on health-care costs...
...other day, they’re “Just Getting Started”. What would “Four More Years” mean for this country? Try a plan to create private Social Security accounts with money already promised to current retirees. That’s $1 trillion in transitions costs they don’t have a plan to pay for. Nor have Bush-Cheney mentioned what would happen to people whose investments in these private accounts went belly-up. This plan is part of their larger “Ownership Society” agenda, a cornucopia...
Earlier on Monday, President Bush signed the fourth major tax cut bill since he took office. Combined, the four packages are estimated to reduce federal revenues by nearly $1.9 trillion over the next decade...
Citing his own campaign’s figures, the president repeated his claim that Kerry had proposed an extraordinary $2.2 trillion in new programs over the course of his campaign...
...years since, hedge funds have kept a low profile, but the dollars have poured in. Hedge-fund assets globally have tripled over the past six years to an estimated $1 trillion, a figure growing 15% to 20% a year. This tidal wave of cash increasingly comes from U.S. pension funds--which since 1997 have raised their stake in hedge funds fivefold, to an estimated $72 billion--and from less-than-rich individuals lured by hedge funds' flashy reputation and falling investment minimums, which were once $1 million...