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GAO Report: ObamaCare Will Add $6.2 Trillion to Long-Term Deficit

xenophanes Wrote: Feb 27, 2013 2:37 AM
Not at all surprising. In 1966 the House Ways and Means Committee estimated that Medicare would cost about $ 12 billion by 1990 (INCLUDING inflation). But in 1990 Medicare actually cost $107 B. ObamaCare could cost $Trillions 20 years from now.

Well in a not-so-surprising report from the Government Accountability Office, it turns out that ObamaCare is estimated to add another $6.2 trillion to the long-term deficit. The National Review says,

Senator Jeff Sessions (R., Ala.), who requested the report, revealed the findings this morning at a Senate Budget Committee hearing. The report, he said, “confirms everything critics and Republicans were saying about the faults of this bill,” and “dramatically proves that the promises made assuring the nation that the largest new entitlement program in history would not add one dime to the deficit were false.”

President Obama and...

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