OBAMACARE WILL EXPLODE DEFICITS
http://news.investors.com/article/607184/201204100801/obamacare-will-explode-deficits-study-shows.htm?src=HPLNews
President Obama’s signature health reform law will add as much as $527 billion to federal deficits over the next decade, not cut them as advertised, according to a report released Tuesday.
The Affordable Care Act will add as much as $1.2 trillion to federal spending between 2012 and 2021, the report also finds. Charles Blahous, who serves as one of Medicare’s trustees, wrote the report, published by George Mason University’s Mercatus Center.
President Obama has said that the law will cut deficits by more than $140 billion over its first 10 years, and “reduce our deficit by $1 trillion” in the decade after that, citing Congressional Budget Office estimates.READ IT ALL AT THE SITE
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