Given his all but certain entrance in the Republican presidential primary, you’d think that Newt Gingrich would be shifting to the right on economic issues. He’s not. In fact, he recently told a reporter during a press conference that he doesn’t regret expanding Medicare, an entitlement already projected to have trillions in unfunded liabilities over the several decades, by supporting and lobbying for passage of prescription drug benefit - Medicare Part D - in 2003:
At a press conference on Friday, CNSNews.com asked Gingrich, “You were a prominent supporter of the Medicare prescription drug plan that President Bush signed into law in 2003. The Medicare trustees now say that plan is $7.2 trillion in unfunded liabilities over the next 75 years. Do you regret your support for the plan looking back?”
“No,” said Gingrich. “I think that we—I mean, I am for dramatic reform of Medicare. I chaired the Medicare reform task force which saved it in 1996 when the trustees said it was going to go broke, and we passed changes which enabled them to say that we had postponed any problem for well over a decade.
Here is the video with Gingrich’s full comments: