U.S. GOVERNMENT AGENCY (GAO) OBAMACARE TO ADD 6.2 TRILLION DOLLARS TO LONG TERM DEBT…….

 

The truth about Obamacare was well known in advance of this report.

The massive amount of debt already accumulated is so massive, that the thought of extra 6.2 trillion of debt on top of what the country has hanging over its head, is just too  staggering to contemplate. Obama and the Democrats, as well as those Republican governors that are preparing to go along with it for their states…..deserve to be in orange jump suits.

NOTE: I have warned close relatives, I have blogged about it repeatedly at the TT, and will continue to rail against it in the future. Obamacare is a FREAKING NIGHTMARE and his administration is spending the country into oblivion.

Obama cash

GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit

Obamacare will increase the long-term federal deficit by $6.2 trillion, according to a Government Accountability Office (GAO) report released today.

Senator Jeff Sessions (R., Ala.), who requested the report, revealed the findings this morning at a Senate Budget Committee hearing. The report, he said, “confirms everything critics and Republicans were saying about the faults of this bill,” and “dramatically proves that the promises made assuring the nation that the largest new entitlement program in history would not add one dime to the deficit were false.”

President Obama and other Democrats attempted to win support for the health-care bill by touting it as a fiscally responsible enterprise. “I will not sign a plan that adds one dime to our deficits — either now or in the future,” Obama told a joint-session of Congress in September 2009. “I will not sign it if it adds one dime to the deficit, now or in the future, period.”

The new report exposes the “lack of honesty” surrounding such claims, Sessions argued. “The big-government crowd in Washington manipulated the numbers in order to get the financial score they wanted, in order to get their bill passed and to increase power and influence,” he said. “The goal was not truth or financial responsibility, but to pass the bill. This is how a country goes broke.”

More here.

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2 Responses to U.S. GOVERNMENT AGENCY (GAO) OBAMACARE TO ADD 6.2 TRILLION DOLLARS TO LONG TERM DEBT…….

  1. John Sobieski says:

    Every govt program passed is passed based on phoney cost projections. This is nothing new, just the scale of the expense sets a new bar. Remember the big dig in Boston. Originally it was to be about 2 billion. Turned out it was closer to 20 billion and the govt just paid it. Voila, problem solved. Our nation is so phoney, broke and pretending we are not.

  2. Big Frank says:

    The reason that DHS has purchased 7,000 fully automatic weapons and almost 2 billion rounds of hollow tipped bullets is that I fear that there will be chaos and civil disorder on a large scale following a total collapse or default of our economy.

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