Wednesday, October 07, 2009
Now, let's assume that the SFC bill is actually enacted and signed into law as it currently is written (IIRC, it doesn't include a government option but at least one of the three bills pending in the House does, and then there's another Senate bill, and then there's reconciliation) and assume further that the actual expenditures over that 10 year period do not exceed the estimates that the CBO is working with (when has that ever happened?). How is something that costs $829 billion going to reduce the federal deficit without a sharp increase in tax revenues?
Anybody care to explain that in terms your average Joe Six-pack can understand?
Anybody want to bet that 10 years from now the actual expenditures won't have far exceeded the $829 billion number?