Thursday, July 16, 2009

Nice work if you can get it

Washington Post: "CBO Chief Criticizes Democrats' Health Reform Measures - Director Says Proposed Changes Would Increase Health-Care Spending"

Instead of saving the federal government from fiscal catastrophe, the health reform measures being drafted by congressional Democrats would increase rather than reduce public spending on health care, potentially worsening an already bleak budget outlook, the director of the nonpartisan Congressional Budget Office said this morning.
Let me get this straight: spending $1.5 trillion over a decade and much, much more afterwards by assuming the health care expenses of millions of Americans will cost more money? Who knew!?

Update - The director of the CBO has updated his blog with the "Long term budget outlook." Obama is "bending the curve" way, way up. The debt curve, to be clear.

More - Joe "much higher IQ" Biden explains it all: "We have to go spend money to keep from going bankrupt." Hey, that's why the man pulls in the big crowds.

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