When the Gray Lady says that Democrats are lying, you can rest assured that they are not only lying, but lying their weaselly little heads off.
From the New York Times:
In a news release shortly before House Democrats held a rally to unveil the bill, Ms. Pelosi’s office wrote: “The legislation’s coverage cost will be $894 billion over 10 years, fully paid for.” And in her speech at the event, Ms. Pelosi said: “It reduces the deficits, meets President Obama’s call to keep the cost under $900 billion over 10 years, and it insures 36 million more Americans.”
… a closer look at the budget office report suggests that the number everyone should have reported was $1.055 trillion, which is the gross cost of the insurance coverage provisions in the bill before taking account of certain new revenues, including penalties by individuals and employers who fail to meet new insurance requirements in the bill.
According to the budget office, the overall cost of the bill is more than offset by revenues from new taxes or cuts in spending by the government, resulting in a reduction in future budget deficits of $104 billion.
All of these figures cover a 10-year period from 2010 to 2019.
And how do Nancy Pelosi’s aid justify themselves? By pointing out that, since Democrats in the Senate lied, House Democrats have a right to lie, too:
Aides to Ms. Pelosi defended their decision to focus on the $894 billion net figure. They also pointed out that in an “apples to apples” comparison — $1.055 trillion for the House bill vs. $829 billion for the Senate Finance measure — the House bill is projected to insure 7 million more people.
The cost of the health care legislation is incredibly significant these days. It turns out that even Democrats are beginning to understand that -gasp – soaring deficits actually matter.
The fact of the matter is, the CBO – even when they’re trying to be honest – aren’t very good at counting the costs (which Jesus said was kind of important as a fundamental undertaking before starting something major). The fact of the matter is that the government has historically underestimated the costs of their projects by an average factor of seven. And some of their worst miscalculations of all have been in the category of health care.
The Wall Street Journal provided this handy-dandy little illustration of that sad history:
It’s certainly not the CBO’s fault, mind you. Not when Democrats have been routinely and blatantly playing numbers shenanigans to hide the real costs of their massive government takeover from the American people.
Harry Reid actually made a staggering admission while trying to prevent the Democrat-special-interest-anathema tort reform. He said:
HARRY REID: “He talked about CBO saying that there would be $54 billion saved each year if we put caps on medical malpractice and put some restrictions — tort reform — $54 billion. Sounds like a lot of money, doesn’t it, Mr. President? The answer is yes. But remember, were talking about $2 trillion, $54 billion compared to $2 trillion. You can do the math. We can all do the math. Its a very small percent.”
And I would love to bet any Democrat that the ultimate cost of this monstrosity will be far greater than $2 trillion.
The cost of the Democrats’ health care “change” will become yet another giant anchor stopping the forward momentum of our economy. And as it leads to economic collapse, it will increasingly lead to medical rationing and the deaths of senior citizens by government-mandated medical neglect.
Update, November 2: Oops. Did I say $1.055 trillion? I’m sorry. It’s now $1.2 trillion.
The health care bill headed for a vote in the House this week costs $1.2 trillion or more over a decade, according to numerous Democratic officials and figures contained in an analysis by congressional budget experts, far higher than the $900 billion cited by President Barack Obama as a price tag for his reform plan
The actual deficit figure is dramatically higher. For instance, we’re STILL waiting for the cuts in Medicare that Bill Clinton and the Democrats promised in 1993. In fact, we’re STILL waiting for ANY cuts in Medicare. So you can safely add a minimum of $500 billion to the actual deficit that Obamacare will create; because there is no way that Democrats will do what they are claiming they will do and slash the Medicare budget.