Thursday, October 08, 2009
Here are some guys who won't be taking my bet. Presumably the folks at the Cato Institute know what they're talking about. At least they've got a lot more academic "wallpaper" than I do. They say the true cost of the Senate Finance Committee bill (the "Baucus bill") will be upwards of $2 trillion over 10 years, rather than $829 billion. That's in the neighborhood of three times the amount the CBO came up with. And that still assumes that Congress won't inflate the spending after getting this particular fraud passed.