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Thursday, March 18, 2010

$923 B of $940B in Obamacare Costs Over Decade Come in Last 6 Years

Dems are touting the fact that, after they fed a bunch of bogus assumptions to the CBO, the CBO then reported that Obamacare will cost $940 billion over the next ten years. Unfortunately $923 billion of that amount come in the last 6 years since benefits don't kick in for 4 years.

Oh, and that assumes that Congress really agrees to cut $500 billion in Medicare spending, among other ridiculous assumptions.