Thursday, March 15, 2012

Yet another entitlement program spiraling upwards out of control


First, a programming alert: due to a heavy workload and annual mid-March (Madness) opening rounds television viewing obligations, blogging will be light for the next few days. By, the by, we're gunning for a border war in the finals: Mizzou v. Kansas.


Similar to what then-Speaker Pelosi said when she spoke of passing the ObamaCare bill to see what's in it, the Congressional Budget Office is having to wait year to year in their progressive 10-year budget analysis to see how much ObamaCare is actually going to cost.

President Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.

Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO's standard ten-year budget window and, at least on paper, meet Obama's pledge that the legislation would cost "around $900 billion over 10 years." When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.
(italics, ours)

Or, as it's known in Placentia, California, "fraudulent behaviour".

A doubling of the cost in just two years: a trend line to be proud of.

The taxes and fees to pay for ObamaCare started in 2010 but the full range of goodies don't start kicking in until 2014.

Recall, it was the Democrats who claimed that Republicans were the cause of death to 40,000 Americans a month because of their obstruction of ObamaCare. We'd like a CBO projection on the number of deaths caused by this delayed implementation of ObamaCare due to fiscal chicanery.

Just 3 years ago, we had on our "unsustainable entitlement plate", Medicare, Medicaid and Social Security. Now, due to a goods-and-services-as-rights mentality that has taken hold of this country, we can now add ObamaCare to the plate of things we have no way in hell of paying for.



Doo Doo Econ said...

Love the graphic! However, one of the elephants should be a guy in a tricorn hat rowing in the back of the boat.

Dean said...

Charles, yes, indeed!

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