Senate Majority Leader Harry Reid claims that his health care bill costs about $848 billion in the first 10 years, well under President Obama's $900 billion target.This is ridiculous. They will pass something the majority of the American people do not want with lies and falsehoods. It's bad enough that they can never stick to a budget to begin with, but the chances of them not adding to it and not changing legislation over the years is negative eleventy-trillion-gazillion. The truth is, not only are there no cost savings in the bill (again, just because you are paying less doesn't mean it costs less) but in fact in the first ten years of actual spending, the costs explode and go up to around $2.5 trillion.
That's for 10 years of revenue-gathering, but only six years of service, according to the analysis by the Congressional Budget Office.
Adding in expenses beyond the 10-year mark drastically skews the overall cost, making the $848 billion a mere fraction of the long-term price tag of overhauling America's health care system -- and that's if no changes are made to the legislation during that time
Smoke and mirrors indeed........