Free Republic

WASHINGTON – President Barack Obama's health care overhaul law will increase the nation's health care tab instead of bringing costs down, government economic forecasters concluded Thursday in a sobering assessment of the sweeping legislation. A report by economic experts at the Health and Human Services Department said the health care remake will achieve Obama's aim of expanding health insurance — adding 34 million Americans to the coverage rolls. But the analysis also found that the law falls short of the president's twin goal of controlling runaway costs, raising projected spending by about 1 percent over 10 years. That increase could...

Deficits: The media breathlessly report an "unexpectedly" large increase in unemployment applications with inflation rising "faster than expected." Given the wasteful spending spree we've been on, what do they expect? The economic gurus at major media outlets such as Reuters are having a dickens of a time explaining why the economy is not responding to the massive doses of monetary steroids we've been injecting. Last Thursday, after the Labor Department announced that claims for state unemployment benefits increased by 31,000 to 473,000, Reuters reported that the surge was "unexpected." The market, we were told, was looking for 430,000. We were...