An Ol' Broad's Ramblings
Archive for 2 June 2010
Yep, I’m calling in dead.
Ok, I’m not exactly dead. I’d have to feel better to be dead. No, I have no idea what I have. Now, you’ll excuse me while I crawl back into my crypt.
Obamacare’s True Costs Coming to Light
Remember how President Barack Obama promised that his health care plan would reduce the deficit and put us on a path towards fiscal responsibility? Remember how Congress kept gaming the system to come up with the Congressional Budget Office (CBO) score that could justify those claims? Well, now that Obamacare has become (hopefully only temporarily) the law of the land, the CBO is singing a slightly different tune. Last Friday CBO Director Doug Elmendorf wrote on his blog:
The central challenge is straightforward and stark: The rising costs of health care will put tremendous pressure on the federal budget during the next few decades and beyond.
In case you are wondering, and even if you aren’t, I reckon I’m one of the ‘moon landing’ folks.