The “Giddy” Is Gone… Obamacare Will Cost Twice as Much As Promised
In March 2010 leading democrats and their lackeys in the state-run media were “just giddy” to report that they crunched some numbers and found the nationalized health care bill they were pushing would reduce the deficit by $138 billion.
It was a lie. Democrats knew it was a lie…
But, after several backroom deals they rammed the bill through Congress anyway.
Then in May of 2010 the CBO corrected the numbers and said Obamacare will cost taxpayers at least $115 billion more than promised. Democrats pulled a fast one on the American public.
Republican Senators point out the deceit in a 2010 video:
Americans are right to be concerned about our country’s enormous debt, especially given the Congressional Budget Office’s recent announcement that the health care bill will not in fact provide the deficit reductions the president promised. Republicans are committed to addressing Americans’ concerns with fiscally responsible policies that will create jobs, grow the economy, and reduce our nations deficit.
This week the CBO released some revised numbers and the true cost of Obamacare is twice what we were promised.
The Examiner reported:
President Obama’s national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.
Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO’s standard ten-year budget window and, at least on paper, meet Obama’s pledge that the legislation would cost “around $900 billion over 10 years.” When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.
Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law’s core provisions to expand health insurance coverage has now ballooned to $1.76 trillion.
It doesn’t matter. Democrats wanted to nationalize health care and they would do anything to achieve their goal. For democrats, the end always justified the means. They could care less how much their program really costs.