Saturday, November 28, 2009

ObamaCare’s Cost Could Top $6 Trillion: Cato Institute

Oh my.  This is pretty terrifying.  And...we start paying for it now, and don't see anything for until after the next presidential inauguration.  Well planned.
Congressional Democrats are using several budget gimmicks to disguise the cost of their health care overhaul, claiming the House and Senate bills would cost only (!) about $1 trillion over 10 years.  Now that critics have begun to correct for those budget gimmicks, supporters of ObamaCare are firing back.
...
When we correct for [those] gimmicks, counting both on- and off-budget costs over the first 10 years of implementation, the total cost of ObamaCare reaches — I’m so sorry about this — $6.25 trillion.  That’s not a precise estimate.  It’s just far closer to the truth than President Obama and congressional Democrats want the debate to be.

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