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Wednesday, May 12, 2010

CBO: Obamacare Health Cost Projections Rise

Democrats were not fooling anyone with their calculated attempts to hide the overall costs of Obamacare, which is why the majority of Americans were against it and the majority still favors repealing the most egregious portions of Obamacare.

The Congressional Budget Office (CBO) confirms the predictions with the latest news:

Congressional Budget Office estimates released Tuesday predict the health care overhaul will likely cost about $115 billion more in discretionary spending over ten years than the original cost projections.

The additional spending — if approved over the years by Congress — would bring the total estimated cost of the overhaul to over $1 trillion.

Republicans pounced on the news, which they called another sign that the Obama administration makes promises it cannot deliver.

“The American people wanted one thing above all from health care reform: lower costs, which Washington Democrats promised, but they did not deliver,” said House Minority Leader John A Boehner (R-Ohio). “It was clearly irresponsible for Washington Democrats to force this legislation through Congress without being truthful about its full impact on the nation’s finances. Republicans are fighting to repeal this job-killing health care law and replace it with reforms focused first on lowering costs and protecting American jobs.”

I turn this over to AllahPundit from Hot Air, because frankly, I cannot put it any better than he has:

Of all the slime dripping from ObamaCare, from the de facto bribes to the procedural shenanigans to the Democrats’ insane demagoguery of townhall protesters, the gaming of the CBO numbers is what bothers me most. Which, in a way, is silly. When you’re talking about sums as fantastically astronomical as $940 billion, who cares what the actual pricetag is? But that’s just it: Obama pretended to care, touting the bending o’ the cost curve and demanding that the Democrats bring in a bill below the arbitrary yet politically toxic threshold of $1 trillion. And in order to make that happen, they were willing to tell any lie and pull any accounting trick that they had to, from rigging the cost window to obscure the actual $2.5 trillion pricetag to pouring the enormous costs of “doctor fix” into a separate bill so that it wouldn’t show up in the CBO data on O-Care to pushing the bill through the House before CBO was finished running the numbers. At a moment when Americans desperately need leaders to be frank with them about the cost of entitlements and what it’ll take to restore fiscal stability, Obama gave them a new entitlement built on lie after lie after lie. That’s the legacy of his signature domestic “achievement.”

The November 2010 elections will be key to turning around some of the massive mess that Obama, Pelosi and Reid have created.

Reid is trailing badly behind his Republican challengers for his Senate seat, Pelosi will no longer be speaker of the house if Republicans take 40 seats and Obama's agenda can no longer be jammed through Congress and the Senate against the will of the majority of Americans.

Remember November.