Obama's lies on Obamacare catching up to him

A new CBO report out on the cost of Obamacare shows that the president's signature legislation that he said would cost around $900 billion over 10 years will actually cost nearly twice that - $1.7 trillion over the period from 2013-2022. Washington Examiner: 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...(Read Full Post)

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