Now that Obama, Nancy, Harry, et al got the socialized medicine bill through, more facts about its costs are coming out. CBO Director Doug Elmendorf says:
In CBO’s judgment, the health legislation enacted earlier this year does not substantially diminish that pressure [on health costs]. In fact, CBO estimated that the health legislation will increase the federal budgetary commitment to health care (which CBO defines as the sum of net federal outlays for health programs and tax preferences for health care) by nearly $400 billion during the 2010-2019 period. (Read more here...)
But what's a few hundred billion among friends and a cool $1.5 trillion anticipated over the next 20 years. After all, it's coming out of Obama's stash right?
Hey! That's what Nancy said...you can read the bill after it's passed. What's the problem here?
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