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Obamacare and The Individual Mandate By The Numbers
AmericanLiveWire.com ^ | 7/02/12 | David Webb

Posted on 07/02/2012 10:27:19 AM PDT by Chris in VA

First off, it is a tax. The Supreme Court said the individual mandate is only legal under the Congress’s power to tax. So, stop the nonsense and call it what it is – A TAX!

Now, let’s move onto the numbers for this tax. According to the original estimates provided by the CBO, the cost of implementing Obamacare was $940 billion over 10 years (2010-2019). Later estimates had that number ballooning to $1.76 trillion over ten years (2012-2022). Then there are some predicting the cost for 10 full years of Obamacare at more than $2 trillion (2014-2023).

But, let’s go with the Democrats’ costs of $940 billion – since it is the lowest of the three. Or as James Clyburn (D-SC), the majority whip at the time, put it — “We’re absolutely giddy over the great news we have gotten from CBO…”

To quote Nancy Pelosi – “We love their number…”

(Excerpt) Read more at americanlivewire.com ...


TOPICS: Government; Politics; Society
KEYWORDS: insurance; mandate; numbers; obamacare
Wonder if liberals like a dose of reality? What do you think?
1 posted on 07/02/2012 10:27:35 AM PDT by Chris in VA
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To: Chris in VA

come on
this is totally bogus
no matter how bad you think this is
it is going to be far worse.
These numbers are always way too optimistic.


2 posted on 07/02/2012 10:36:18 AM PDT by genghis
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To: genghis

LOL!!

I am totally with you on that one. No government program has ever come in under budget.


3 posted on 07/02/2012 11:13:05 AM PDT by Chris in VA
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To: Chris in VA

Waste, fraud and abuse will easily add 20% to 30% to Any set of numbers being used.


4 posted on 07/02/2012 11:21:12 AM PDT by radioone
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To: radioone

Now, that’s being generous — at a minimum.


5 posted on 07/02/2012 11:56:02 AM PDT by Chris in VA
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