Monday, June 15, 2009

ObamaCare: "At Least $1 Trillion" Added to Deficit

Actually, the Congressional Budget Office doesn't know HOW much more than $1Trillion.

The CBO has just released its initial cost estimates on the Democratic health care proposal coming out of the Senate Health, Education, Labor and Pensions Committee chaired by Ted Kennedy, and found that it would increase deficits by at least $1 trillion. I say "at least," because there are major provisions of the bill that have not been finalized and which were not inclued in the cost, such as a massive expansion of Medicaid elgibility.

HT: AmSpec Blog

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