Skip to comments.Obamacare and The Individual Mandate – By The Numbers
Posted on 07/02/2012 10:27:19 AM PDT by Chris in VA
First off, it is a tax. The Supreme Court said the individual mandate is only legal under the Congresss power to tax. So, stop the nonsense and call it what it is A TAX!
Now, lets move onto the numbers for this tax. According to the original estimates provided by the CBO, the cost of implementing Obamacare was $940 billion over 10 years (2010-2019). Later estimates had that number ballooning to $1.76 trillion over ten years (2012-2022). Then there are some predicting the cost for 10 full years of Obamacare at more than $2 trillion (2014-2023).
But, lets go with the Democrats costs of $940 billion since it is the lowest of the three. Or as James Clyburn (D-SC), the majority whip at the time, put it Were absolutely giddy over the great news we have gotten from CBO
To quote Nancy Pelosi We love their number
(Excerpt) Read more at americanlivewire.com ...
this is totally bogus
no matter how bad you think this is
it is going to be far worse.
These numbers are always way too optimistic.
I am totally with you on that one. No government program has ever come in under budget.
Waste, fraud and abuse will easily add 20% to 30% to Any set of numbers being used.
Now, that’s being generous — at a minimum.