Tuesday, April 10, 2012

Obamacare’s fake accounting

Washington Post ^ | April 10, 2012 | Jennifer Rubin
Charles Blahous, a senior research fellow George Mason University and one of the two public trustees for the Social Security and Medicare programs, is out with a study that confirms the common-sense argument conservatives have been making for years: You can’t vastly expand and subsidize gold-plated health-care insurance and expect to save money.
 
What is at issue is the difference between government accounting and a realistic assessment of our future costs. Although the Congressional Budget Office and Medicare Trustees accounting conventions have obscured the economic impact of Obamacare, in plain terms it will cost us more money than it will save.

Almost comically, the White House responded by saying CBO says we’re okay, so there is no problem.
(Excerpt) Read more at washingtonpost.com ...

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