CBO Ups The Cost Projections Of Obamacare


Not that this is shocking to anyone, but as you recall, the Democrats were “delighted” when the CBO estimated in March that the net cost of Obamacare would be $788 billion over 10 years. They knew if that estimate had gone over $1 trillion before the vote, the bill would likely not pass. The CBO did caution at the time that it needed more time and information to estimate costs better, and now they have.

The new cost projection? A mere $115 billion or so more. So, Obamcare will indeed cost $1 trillion over ten years, just as all of us on the right predicted. Of course this is just the estimated cost. When has the government ever done anything but spend well over the estimated costs on anything? Medicare being a prime example.

All I ask is that you remember in November.

Related Articles

2

“32 Social Security ‘Secrets'”

Economist Larry Kotlikoff notes: Social: Security’s Handbook has 2,728 separate rules governing its benefits.:  And it has thousands upon thousands of

Daily News For October 27, 2005

Harriet Miers USA TODAY/CNN/Gallup Poll: By 43%-42%, Those Surveyed Say The Senate Shouldn’t Confirm Miers. That’s The First Time A

0

Why Is Coakley Hiding Out?

My introduction to the less superficial elements of the race to fill Ted Kennedy’s seat in the Senate came via

comments

Share This

Share this post with your friends!