Saturday, August 8, 2009

I Didn't Know That!

Charles Krauthammer - Obama Will Settle for Less on Health Care - washingtonpost.com: "The CBO put in writing the obvious: In its second decade, Obamacare significantly bends the curve upward -- increasing deficits even more than in the first decade.

This is obvious because Obama's own first-decade numbers were built on arithmetic trickery. New taxes to support the health-care plan begin in 2011, but the benefits part of the program doesn't fully kick in until 2015. That excess revenue is, of course, one time only. It makes the first decade numbers look artificially low, but once you pass 2015, the yearly deficits become larger and eternal."


Doesn't it make you nostalgic for a straight-talking President like Bill Clinton?



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