CBO Says that Obamacare Will Cost $1.76 trillion over Next 10 Years … Wonder Why We the People Want it Repealed?
OBAMACARE … THE BIG LIE: Obamacare Will Cost $1.76 trillion as opposed to the $940 billion … Hey America, how’s that “Hopey-Changey” stuff working out for ya?
Up, up and away … Obamacare will cost $1.76 trillion over the next decade. That is a far cry from the $940 billion that ‘We the People” were told when this government take over of healthcare law was shoved down our throats and against the will of the People. Now we learn that the cost is nearly double from what Obama, Pelosi and Reid told us. Presently, 50% of Americans want to repeal Obamacare and 38% are in favor of it. Imagine how these numbers will change when Americans realized they were duped.
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.
The full CBO report can be read here.
Remember when Nancy Pelosi told us that we needed to pass the bill in order to find out what was in it? Nice try, but as we are reminded by the Gateway Pundit, Obama and his minions knew the $940 billion was a lie. Weasel Zippers states that this is only 87% or $820 billion more than when the bill was passed. We will add, now imagine how much Obamacare will actually cost when implemented? Tack on another $500 – 750 billion. When all is said and done this is over a $2 trillion nightmare for America. Many thinking people at the time Obamacare was being promised realized what Obama was promising was BS. So much for President Obama’s core principles to Obamacare. Reducing health care costs and the deficit … hardly. The Lonely Conservatives emphasizes the horrific fact that many Americans will lose their insurance coverage and be forced on to Medicaid.
And if that wasn’t bad enough, read the follow post regarding how many people are expected to lose insurance coverage through their employers and shifted into Medicaid. So much for Obama’s promise that if you like your health insurance you can keep it.
Hey Barack and your campaign lackeys, think Obamacare is not going to be a huge issue in the 2012 Presidential election? It will actually have coattails and affect House and Senate races. Obama’s signature piece of legislation will be the Democrats undoing. How many Democrats retired because of their Obamacare yea vote? Oh yea, and then there is the economy and the price of gas. See you in November.