Reid Celebrates “Big Day” in America, Obama’s Tax on Investment Income, and the Real Cost of Obama’s Health Plan
Harry Reid: “Only 36,000 people lost their jobs today, which is really good.” (video)
James C. Capretta: Obama’s health plan will not cost “only” $950 billion over ten years: Ten years’ worth of spending will total up to $2.5 trillion, and maybe even as much as $3 trillion.
If you have to say, “It’s ONLY going to cost X amount…” then it’s already too expensive, and there’s a good chance that your estimate is too low.
I think that’s a good rule of thumb.
Better yet, take the estimate, double it, and then add $20 billion. That’ll probably get you closer to the real number.
Harry Reid quote is classic. I suspect his opponents in the November election in Nevada will have great fun with it.
I think all the oppoent will have to do is just replay this Harry Reid video. Harry Reid loses this one, even if the opponent is a tree stump.
The 10-year cost of ObamaCare is more than $2 trillion (possibly $3 trillion) dollars.
Yet, we continually hear about:
1) the high cost of doing nothing. And,
2) for health coverage to truly be affordable, everyone must be covered.
The two latter statements don’t mesh too well with reality.
Devon: the second statement is completely false. Forced coverage doesn’t make anything more affordable. It merely conceals a tax.