In all, therefore, CBO projections indicate that Obamacare will increase deficit spending by $131 billion from 2015-24. That’s a $311 billion swing from the extrapolated 2012 numbers, a $240 billion swing from the actual 2012 numbers, and a $255 billion swing from what we were told when Obamacare was passed.
Polling has consistently shown that Americans do not believe that Obamacare, with its roughly $2 trillion in new federal spending, would somehow reduce deficit spending. To the contrary, they believe it would send deficits soaring. Still, it’s good to know that even the CBO, which has been one of Obamacare’s few friends in this regard, now seems to think Obamacare would increase deficits by over $100 billion.
It seems relatively safe to say that Obamacare — which Democrats passed over unanimous Republican opposition with just three votes to spare in the House and without a single vote to spare in the Senate — wouldn’t have passed had it been scored as a deficit bill. It likewise wouldn’t have passed if its 10-year price-tag had been doubled, if people had been told they couldn’t keep their insurance or their doctors, or if they’d been told Obamacare would provide taxpayer funding of abortion-on-demand.
Are you surprised? I know I’m not.