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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.