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Thursday, March 18, 2010

Would Obama lie to me?

Medicare is broke. Social Security is broke. The postal service is broke. The entire federal government is broke. Why am I having such a difficult time believing that Obamacare will end up reducing the federal deficit, just like Barack Obama and Nancy Pelosi say?

From POLITICO:
The Democratic health care bill would cost $940 billion over 10 years and cut the federal deficit over the next two decades — figures that should help ease the worries of fiscal hawks who have been reluctant about supporting the sweeping measure.

The bill would reduce the deficit by about $130 billion in the first 10 years and by $1.2 trillion over the second 10 years. It will expand coverage to 95 percent of Americans, according to Congressional Budget Office figures released Thursday by House Democrats.
Why do I have such a hard time believing the government? Would Obama lie?

Congressional Budget Office releases health bill estimates - Patrick O'Connor and Carrie Budoff Brown - POLITICO.com

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