President telling a whopper on health care
At two seperate appearances, the President stated that health care reform would cost $80 to $90 billion/yr. He makes that assumption based on the $800-$900 billion cost of HR3200 over 10 years.
Here's what he doesn't tell you: the plan doesn't go into effect until 2013. So that $800-$900 billion cost isn't over ten years, it's over six. The CBO says that in 2019, the bill will cost $202 billion. And will continue to grow faster than revenues after that into the longterm, widening the deficit and pushing us headlong towards bankruptcy.
The left loves to whine about all the right-wing lies, but their credibility might be helped if the President himself wasn't telling such frequent whoppers of his own.
And while I'm on the topic, the ever-changing rationale for health care reform reminds me of something that happened under the last adminstration. Wonder what that was?
Here's what he doesn't tell you: the plan doesn't go into effect until 2013. So that $800-$900 billion cost isn't over ten years, it's over six. The CBO says that in 2019, the bill will cost $202 billion. And will continue to grow faster than revenues after that into the longterm, widening the deficit and pushing us headlong towards bankruptcy.
The left loves to whine about all the right-wing lies, but their credibility might be helped if the President himself wasn't telling such frequent whoppers of his own.
And while I'm on the topic, the ever-changing rationale for health care reform reminds me of something that happened under the last adminstration. Wonder what that was?
posted by francois at 3:58 AM
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