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Thursday, June 28, 2012

Single Largest Tax Increase In The History Of The Planet Confirmed Today

 Well I of course was hoping that the Supremes would shoot this nasty piece of work down in its entirety. That didn't happen and that is just to damned bad but obama is now responsible for as the headline says the single largest tax increase in the history of the world. When first passed the CBO scored it to cost just a little less than 1 trillion but that was with just 6 years of pay outs and 10 years of revenue in . Just a few months ago with 3 more years added it came in at 1.76 trillion and it will probably break 2 trillion when all is said and done. I wonder who will be paying for all this...... its going to be fun to watch.

CBO: Obamacare to cost $1.76 trillion over 10 yrs

March 13, 2012
President Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.
Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO's standard ten-year budget window and, at least on paper, meet Obama's pledge that the legislation would cost "around $900 billion over 10 years." When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.

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