Yesterday's Washington Examiner published the graph below to illustrate how spending in the previous Senate version of the healthcare bill was set up. The curve in the current version is similar--nothing has changed very much.
As you can see from the graph, the real spending does not begin until 2014--two years after the next presidential election.
The article points out:
"The Congressional Budget Office found that just $9 billion of the $848 billion total spending aimed at expanding coverage from 2010 to 2019 would occur in the first four years, while the remaining $839 billion wouldn't come until the last six. In percentage terms, a whopping 1 percent of spending would occur from 2010 to 2014."
The taxes included in the bill will begin almost immediately--that's how the bill was made to look deficit neutral. If this bill is passed, it will bankrupt the medical system and the government very quickly.
Leave a comment