The CBO announced that passing ObamaCare, the largest expansion of entitlements in US history, will actually reduce the deficit over ten years!!! Woohoo!!!
It is time to get real folks. Does anyone actually believe that, if passed, ObamaCare is actually going to reduce the deficit over 10 years? We all know that the Feds do not have a very good track record with fiscal responsibility!
For example, When Medicare passed it had a projected "10 year cost" of $12 billion. It actually cost us $70 billion - an increase of over 500%. In 2010 alone Medicare projected to account for 12.5% ($452 billion) of total gov't expenditures. For the decade 2010-2019 medicare is projected to cost $6.4 trillion dollars or 14.8% of the federal budget for the period. This is the same program that was "budget neutral" when it passed and would "save us money in the long run". Yeah, we all know how well that worked out! We now have an unfunded liability of over $36 TRILLION just for Medicare.
So I ask you all, who here really believes that ObamaCare will reduce the deficit?
It is time to get real folks. Does anyone actually believe that, if passed, ObamaCare is actually going to reduce the deficit over 10 years? We all know that the Feds do not have a very good track record with fiscal responsibility!
For example, When Medicare passed it had a projected "10 year cost" of $12 billion. It actually cost us $70 billion - an increase of over 500%. In 2010 alone Medicare projected to account for 12.5% ($452 billion) of total gov't expenditures. For the decade 2010-2019 medicare is projected to cost $6.4 trillion dollars or 14.8% of the federal budget for the period. This is the same program that was "budget neutral" when it passed and would "save us money in the long run". Yeah, we all know how well that worked out! We now have an unfunded liability of over $36 TRILLION just for Medicare.
So I ask you all, who here really believes that ObamaCare will reduce the deficit?