The Progressive regime of Barack Hussein Obama claimed that their Eugenics based Obamacare would reduce the deficit. They used the CBO projections as a way to sell this hideous plan to so called Blue Dog Democrats. As it usually is with Totalitarian Progressives, they lied about the cost of their plan. For once the American people didn’t fall for this lie and were opposed to Obamacare. Being the Neo-Feudalists they are, the Progressives passed it against the will of the people.
The director of the Congressional Budget Office said Tuesday that the health care reform legislation would cost, over the next ten years, $115 billion more than previously thought, bringing the total cost to more than $1 trillion.
The revised figure is due to estimated costs to federal agencies to implement the new health care reform bill – such as administrative expenses for the Internal Revenue Services and the Department of Health and Human Services — and the costs for a “variety of grant and other program spending for which specified funding levels for one or more years are provided in the act.”
CBO had originally estimated that the health care reform bill would result in a net reduction in federal deficits of $143 billion from 2010-2019; this revised number would eliminate most of that savings.
Read the rest: CBO: Health Care Bill Will Cost $115 Billion More Than Previously Assessed
Joe Wilson was right. Obama is a liar. The whole Progressive Movement is based on lies and the fact the estimates are higher should be no shock. Barack Hussein Obama just wants to keep piling on the debt so he can fundamentally transform the United States.
