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Tuesday
13Oct2009

ObamaCare Sends Deficits Off a Cliff-Part 2

Part II in Heritage's five-part series on how ObamaCare will cost you.

Heritage breaks down the deficit issue as only they can, including explaining the nonsense about the Baucus bill reducing the deficit. Congress is simply playing an accounting game to keep the real costs hidden outside of the CBO's ten-year analysis window. 

Look at this chart from Heritage:

 

Notice the spike in spending come 2013? This happens because the tax increases occur immediately and the largest spending increases don't happen until 2013...when they presumably assume that Obama will be starting his second term.

Blue-Dog Jason Altmire (D-PA) explains it this way:

So what happens to the deficit in those years after the CBO budget window? Rep. Jason Altmire (D-PA), a member of the Democratic Blue Dog Coalition explains: “Every year, you lose ground. It’s likely after 10 years, we fall off a cliff.”

Falling off a cliff. That is the verdict from members of his own party on what Obamacare will actually do to the federal deficit.

Congress is playing fast and loose with the facts and the numbers because they know they have to lie to make good on Obama's promises.

Once again, any bill that gets passed will be a spending clusterbomb of epic proportions. Not only that but once something is passed, as I mentioned yesterday, it's only a matter of time before we have true, soviet-style single-payer health care.

Happy yet?

Russ

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