Remember when Barack Obama preposterously claimed that ObamaCare would reduce the deficit, rather than exacerbate it? Last week, in admitting that this year’s total budget deficit will exceed last year’s, the Obama Administration included a noteworthy admission. Namely, that ObamaCare is already adding to his unsustainable deficits. As reported by The Wall Street Journal:
The White House said the health-care law, heralded as a powerful deficit-tamer in the long term, is expected to add $51 billion of debt between now and fiscal 2012. Those increases more than offset modest savings through 2020.”
Reasonable people knew it was just a matter of time until even Obama admitted that ObamaCare compounds the nation’s deficit. But who knew that would only take four months?
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