New CBO report reveals that Obamacare will add more than a trillion to debt


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Finding out what’s in it: A new CBO report has revealed that Obamacare will add $1.35 trillion to the federal government’s debt over the next decade.

Anyone want to bet me against me when I say that I have no doubt that this is an understatement? Also, the link above makes sure to include this juicy quote from President Obama, made in 2009 while he was selling Obamacare:

First, I will not sign a plan that adds one dime to our deficits – either now or in the future. I will not sign it if it adds one dime to the deficit, now or in the future, period. And to prove that I’m serious, there will be a provision in this plan that requires us to come forward with more spending cuts if the savings we promised don’t materialize.

It seems that whenever Obama uses the word “period” to emphasize his position, he is signalling to everyone that either he hasn’t the faintest idea what he is talking about, or he is a bald-faced liar. Personally, I think it is both.

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4 comments

  • Cotour

    Your point here, I agree with 110%.

  • wodun

    “there will be a provision in this plan that requires us to come forward with more spending cuts if the savings we promised don’t materialize.”

    I wonder if this is even in Obamacare.

    “It seems that whenever Obama uses the word “period” to emphasize his position, he is signalling to everyone that either he hasn’t the faintest idea what he is talking about, or he is a bald-faced liar. ”

    Its a bit like when he told people not to call his bluff, telegraphing that he was in fact, bluffing.

  • Garry

    Don’t forget “Let me make one thing perfectly clear”

  • Edward

    Maybe he is confusing the punctuation, thinking that a period is an asterisk, as in, “if you like your doctor you can keep your doctor, asterisk.”

    Where the unspoken footnote is: except for the many, many cases when the law or your insurance company does not allow you to keep your doctor, or your doctor decides to quit your program (e.g. medicare or private practice) or the profession due to the onerous requirements place upon him by Obamacare.

    This would not be his first major error in making speeches. Surely he did not really think that there are actual “corpse men” in the military. That would have taken the “zombie invasion” concept a little too far.

    Or Wodun may be right: playing poker with Obama could be easy, as we know his “tell.” Though, his tell could just be as simple as when his lips move. (Hmm. Yet he is the one who negotiates with our enemies. That certainly explains Iran’s nuclear program.)

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