DAY ONE: HOW OBAMACARE WILL ALIENATE AMERICANS- Dick Morris
“In fact, the annual revenues fall far short of covering any single year’s worth of spending”
Obama’s health care bill, the poisoned Kool-Aid making its way through the Senate, will not confer any of its supposed benefits on Americans until 2013. But they will find themselves chafing at its restrictions and paying its taxes immediately after the law takes effect. Then, they will see no gain, but plenty of pain, for the next three years.
This odd juxtaposition of “suffer now, benefit later” is the byproduct of the Administration’s sleight of hand in specifying ten years worth of cuts and taxes in the legislation, but deferring its benefits for the first four years. By comparing six years of spending with ten years of taxing, it managed to appear deficit neutral under the rules of the Congressional Budget Office.
In fact, the annual revenues fall far short of covering any single year’s worth of spending, adding to the deficit for each of the last six years over the next ten, but, viewing the decade as a whole, it appears deficit neutral.
Yet the political price is hardly neutral. Democrats who misguidedly vote for this monstrosity will face immediate political repercussions.
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