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Thursday, July 02, 2015

OBAMACARE ADDS $1.1 TRILLION TO THE NATIONAL DEBT & INCREASES TAXES BY $800 BILLION

http://www.theburningplatform.com/2015/07/01/obamacare-adds-1-1-trillion-to-the-national-debt-increases-taxes-by-800-billion/

The CBO, whose estimates are as accurate as a Tim Tebow pass, shows that Obamacare increases deficits by a total of $1,156 billion over its first 10-year period.  This is supposedly offset by cost savings of $879 billion (predominately $802 billion saved in Medicare) and unrelated tax increases of $631 billion (predominately $346 billion in investment income surcharges). These government accountant weenies always underestimate the costs and overestimate the savings. The cost of Obamacare will soar past $2 billion. The States are already being overwhelmed by the increase in Medicaid enrollees, far above the estimates made by the Obamanistas. This bloated abortion of a healthcare plan will accelerate the destruction of our economy.

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