Remember when President Obama promised that Obamacare would be “deficit neutral”? Did you believe him? If so, I’ve got a great piece of property I’d like to sell you. It has a bridge on it and everything.
The non-partisan Government Accountability Office is warning that previous estimates of the cost of Obamacare are far to low. The law will cost $6.2 TRILLION!!!
from National Review:
Obamacare will increase the long-term federal deficit by $6.2 trillion, according to a Government Accountability Office (GAO) report released today.
Senator Jeff Sessions (R., Ala.), who requested the report, revealed the findings this morning at a Senate Budget Committee hearing. The report, he said, “confirms everything critics and Republicans were saying about the faults of this bill,” and “dramatically proves that the promises made assuring the nation that the largest new entitlement program in history would not add one dime to the deficit were false.”
President Obama and other Democrats attempted to win support for the health-care bill by touting it as a fiscally responsible enterprise. “I will not sign a plan that adds one dime to our deficits — either now or in the future,” Obama told a joint-session of Congress in September 2009. “I will not sign it if it adds one dime to the deficit, now or in the future, period.”
Sadly, most of America won’t feel the sticker shock until it’s too late because the media won’t report it. The first they’ll know about it is when it starts hitting them in the pocketbook.