Saturday, December 19, 2009

Office of Management and Budget truth on Obama's Health Care "Reform" Bill

For all you who think Obama’s Health Care “Reform” Bill is deficit neutral. Here is the truth from the OMB.

CBO on new bill: Costs $871B, raises taxes $498B, cuts Medicare $438B, and leaves 23 million uninsured.

In total, CBO and JCT estimate that the legislation would increase outlays by $366 billion
and increase revenues by $498 billion between 2010 and 2019

By 2019, CBO and JCT estimate, the number of nonelderly people who are uninsured
would be reduced by about 31 million, leaving about 23 million nonelderly residents
uninsured (about one-third of whom would be unauthorized immigrants).

Oh I'm sure Stalin is wanting to give Obama the "high five" on this one.

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