Do you remember Paul Ryan and other Republicans telling us that this would happen?
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news.investors.com]
From the IBD column:
ObamaCare was sold in part as a way to rein in health care costs, including insurance premiums, and as a big step toward reducing the deficit. Using an accounting gimmick that would make even a Bernie Madoff blush, 10 years of taxes were counted against six years of "benefits" to produce huge projected savings.
The strategy of hide and delay may have collapsed with a new Congressional Budget Office report that reveals that the current 10-year cost of ObamaCare is an astounding $1.76 trillion. That's nearly double the $900 billion President Obama told a special session of Congress on Sept. 9, 2009, that ObamaCare would cost. He also claimed the "plan will not add to our deficit."
The new projection is from 2013 to 2022, and
when 2014 arrives and costs and taxes are in sync, the 10-year cost of ObamaCare is expected to be well in excess of $2 trillion.__________________________
Mr. Gorbachev, tear down this wall.--Ronald Reagan, June 12, 1987
