Sunday, March 18, 2012

ObamaCare Lie #1

Lie Number 1: "Now, add it all up, and the plan I'm proposing will cost around $900 billion over 10 years." --Barack Obama in a September 2009 speech to a joint session of Congress

The Congressional Budget Office at the time did confirm Obama's numbers, but the CBO scores legislation only as written, without any assumptions or reality checks, and therefore accounted for just six years of spending because most provisions of the law don't kick in until 2014. There were other revenue and cost games, too, since it was paramount that the cost be less than the Iraq War so Democrats could sell it as saving money. We weren't fooled then and neither were millions of Americans, but Democrats rammed it through anyway.

This week, the CBO released an updated report that includes three more years of ObamaCare inside that 10-year window. The estimated cost over a decade is now an eye-popping $1.76 trillion, or nearly twice what Democrats told us in 2009. Not only that, but it won't be until next year that we get a truer 10-year cost estimate, assuming the law isn't repealed or overturned by the Supreme Court. That estimate will surpass $2 trillion. Let's hope Justice Anthony Kennedy wakes up on the right side of the bed the day he makes his decision.

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