Friday, August 20, 2010

White House: Obamacare Doesn't Reduce Costs or Deficit

We're not surprised Democrats are backpedaling on the strongest claims made about Obamacare: That it would cut the cost of medicine and improve the deficit.

Our lovable lefty Perry claimed repeatedly that the CBO said it would reduce the deficit in the first decade. This was always a sham claim, since Obamacare takes in 10 years worth of payments from taxpayers but only pays out 6 years of benefits. Even Democrats can improve costs when they aren't paying for things.

This is just the latest example of how the Democrat agenda is coming back to bite 'em in the ass, and I can't say "I told you so" enough. I'm hopeful November is just the start.