The news concerning obamacare just keeps getting worse, obamacare will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.
Why is this, because they now have estimates for Obamacare’s first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn’t overturned by the Supreme Court or repealed by then. Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we’re likely looking at about $2 trillion over the first decade, or more than double what Obama advertised.
The CBO now projects that from 2012 through 2021 the federal government will spend $168 billion more on Medicaid than it expected last year, $97 billion less on subsidies for people to purchase insurance on government-run exchanges and $20 billion less on tax credits to small employers. That works out to a $51 billion increase in the gross cost of expanding coverage from what the CBO estimated a year ago.
It’s also worth noting that we were told time and again during the health care debate that the law didn’t represent a government takeover of health care. But by 2022, according to the CBO, 3 million fewer people will have health insurance through their employer, while 17 million Americans will be added to Medicaid and 22 million will be getting coverage through government-run exchanges.
washingtonexaminer
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Things are going EXACTLY as planned.
—- a bit of History
The Weimar Republic (Germany 1919–1930) was devastated by Wall Street Crash of October 1929 and the Great Depression that followed. Following the crash America needed much of what it lent Germany to be repaid which made things WORSE in Germany. German companies went bankrupt, unemployment soared, Weimar Germany was effectively bankrupt by the end of 1929
THEN….
In the 1930 Reichstag election, the Nazis gained 143 seats
In the July 1932 Reichstag election, the Nazis gained 230 seats making them the largest party in the Reichstag
then after series of incredibly unfortunate events, one after another
the only person with any form of credibility left was Hitler.
He had the support of the Reichstag and his party was the most popular in Germany. On January 30th 1933, Hitler was summoned to Hindenburg’s chambers and sworn in as chancellor.
—- end of History Lesson
Like I previously stated, for Obama, things are going EXACTLY as planned. Pre-Planned, Pre-Meditated Purposeful CHAOS.
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