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Who woulda thunk it? A new GAO report says that Obamacare will increase the federal government’s long term debt by $6.2 trillion.
The worse part of this is that these government predictions of debt are always wrong, but in the wrong direction. If this is the prediction, the actual increase in debt caused by Obamacare is likely to be far higher.
Note also that this is no surprise to the Republicans who opposed this bill. It also proves just how much Obama was either incompetent or simply lying when he said this:
“I will not sign a plan that adds one dime to our deficits — either now or in the future,” Obama told a joint-session of Congress in September 2009. “I will not sign it if it adds one dime to the deficit, now or in the future, period.”