“For starters, Obamacare was originally estimated by the CBO to add $1.3 trillion in new spending over ten years. Doesn’t that just beg the question of how a massive spending increase can reduce some $16 trillion in accumulated deficits caused by, you guessed it, massive spending? But wait, the latest CBO estimate adds ‘only’ $1.2 trillion in spending for Obamacare—a ‘savings’ of zero-point-one trillion dollars that we’re supposed to believe is slashing deficits.
“That’s like a person already deeply in debt planning to buy a $50,000 car and finance it over ten years. Thanks to a dealer rebate, he pays $46,000. He has not reduced his debt by $4,000 but increased it by $46,000—plus interest.”
Read more here.