Well, the Obamacare cost estimates promulgated by the White House and congressional Democrats before the final House vote were good for a few laughs, but now the party’s over:
The Congressional Budget Office today released an analysis of discretionary spending in the law, and found that those costs will “probably exceed� $115 billion over 10 years. At a stroke, that erases almost all of ObamaCare’s $143 billion in budget savings.
Not that anyone with any sense actually believed the previous estimates. They were rushed and based on incomplete data:
The new estimate includes the costs of administering the law by the IRS and the Dept. of Health and Human Services, and the cost of ‘future appropriations for a variety of grant and other program spending for which the act identifies the specific funding levels it envisions for one or more years.’
And we don’t need to call Nostradamus in to predict that there are other upward cost revisions in Obamacare’s future:
There are other programs for which ‘no specific funding levels are identified in the legislation,’ and the CBO couldn’t estimate the cost of those. The smart money says those costs will exceed $28 billion.
Obviously, the President and his congressional accomplices knew this all along, and deliberately lied to the public. But, somehow, I don’t expect to see people in the street chanting “Obama lied, Granny died.”
Nonetheless, you can bet Obamacare will end up killing far more people than died in Iraq.
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