It didn't take an accounting degree to know that the Pelosi-rammed, Demo-scam known as Obamacare was a money wasting fraud. Common sense Americans never bought the fairy tales about how everybody's going to get more and better care while saving money.
While they were at it, why didn't Harry and the Pelosicrats also promise they'd rid the world of unicorn poop and capture that leprechaun and take his pot o' gold hidden at the end of the rainbow?
Only the willfully ignorant hopium smokers on the left believed this colossal Obamacare lie. "But it was scored by the CBO!" Cry the Obama-langa-ding-dongs. The CBO is a non-partisan organization that scores what is presented to them, regardless of how pie-in-the-sky its assumptions are and regardless of the transparency of the tricks. CBO scores it as presented.
Ryan resubmitted this travesty of lawmaking to the CBO, minus the tricks and hidden costs, and we now see it will cost almost a trillion dollars. Here are the highlights...
Claims of deficit reduction exclude the $115 billion needed to implement the law.
The score double-counts $521 billion from Social Security payroll taxes, CLASS Act premiums, and Medicare cuts.
It strips a costly doc-fix provision that was included in initial score. ($208 billion)
It measures 10 years of revenues to offset 6 years of new spending.
There is no question that the creation of a trillion dollar open-ended entitlement is a fiscal train wreck.Not only should this stinking pile of statist lies be repealed in its entirety, the perpetrators should be brought up on charges of fraud.
Go Congressman Ryan! Keep up the excellent work!
http://budget.house.gov/healthcare/
