Academic

THE OBAMACARE DEFICIT BLOWOUT: ?The press corps has noticed the Congressional Budget Office?s est?

By Glenn Reynolds

THE OBAMACARE DEFICIT BLOWOUT: “The press corps has noticed the Congressional Budget Office?s estimate that the House health bill increases the deficit by $239 billion over the next decade. But government-run health care won?t turn into a pumpkin after a decade. The underreported news is the new spending that will continue to increase well beyond the 10-year period that CBO examines, and that this blowout will overwhelm even the House Democrats? huge tax increases, Medicare spending cuts and other ‘pay fors.’” What’s more, judging by the experience with Medicare and other programs, actual spending will be much higher than even these projections.

Full post as published by Instapundit.com on August 25, 2009 (boomark / email).