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Obama "misstates" budget by a measily 1.4 trillion for Obamacare
 Last Friday, the Congressional Budget Office put out a report that showed just how badly the administration underestimated the deficit and the cost of ObamaCare. The CBO's report, strangely unremarked upon by those liberals who defend the CBO's utterances as sacred text, revealed:Compared with the Administration's estimates, CBO's estimates of the deficit under the President's budget are lower for 2011 (by $220 billion) but higher for each year thereafter (by a total of $2.3 trillion over the 2012--2021 period). That disparity stems from differences in the underlying projections of what would happen under current law ($1.3 trillion) as well as from differing assessments of the effects of the President's proposals ($1.0 trillion). House Budget Committee Chairman Paul Ryan (R-Wis.) was quick to point out the impact of the CBO's findings in a statement listing some of the salient numbers. The most glaring: The CBO shows that the debt over 10 years will be $1.8 trillion higher than President Obama revealed. I can't say anything as I'll be sinktrapped for it. Posted by: DarthVader 2011-03-23 |
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