Posted on 07/27/2009 2:36:21 PM PDT by Scott Martin
In case you missed it, the Obama administration challenged the Congressional Budget Office's ObamaCare cost predictions on Saturday. White House budget director Peter Orszag criticized the CBO after it issued a cost estimate that halted momentum for an independent Medicare panel that Obama wants. Orszag accused the CBO of exaggerating the future costs of the current proposal, which the CBO estimates at nearly $240 biilion over the next ten years.
Yeah, because we all know that government programs regularly cost less money than expected, right? Not exactly. Turns out, CBO estimates are kinda like the first quote your mechanic gives you. Even if you can find an honest one, it's still going to be a low-ball estimate.
But the news gets worse for fans of ObamaCare. The CBO came back with new analysis showing that even if the plan somehow only costs an additional $240 billion over ten years, it's going to get much, much worse after that...
(Excerpt) Read more at patriotroom.com ...
Not fair. This is Not taking into account all those ‘cost savings’ that you get by offering free service, like social security and medicare cost savings .
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