Wednesday, May 12, 2010

CBO Says Oops! Obamacare To Cost $115 billion More Than Thought


There goes the alleged reduction in national debt. Most Americans were too smart to believe that anyway.
ABC News reported:
The director of the Congressional Budget Office said Tuesday that the health care reform legislation would cost, over the next ten years, $115 billion more than previously thought, bringing the total cost to more than $1 trillion.

The revised figure is due to estimated costs to federal agencies to implement the new health care reform bill...

CBO had originally estimated that the health care reform bill would result in a net reduction in federal deficits of $143 billion from 2010-2019; this revised number would eliminate most of that savings.

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