Suppose someone – say, the president of United States – proposed the following: We are drowning in debt.
More than $14 trillion right now. I’ve got a great idea for deficit reduction. It will yield a savings of $230 billion over the next 10 years: We increase spending by $540 billion while we increase taxes by $770 billion
He’d be laughed out of town. And yet, this is precisely what the Democrats are claiming as a virtue of Obamacare.
That was deliberately designed so any projection for this decade would cover only six years of expenditures – while that same 10-year projection would capture 10 years of revenue. With 10 years of money inflow vs. six years of outflow, the result is a positive – i.e., deficit-reducing – number. Surprise.
http://www.washingtonpost.com/wp-dyn/content/article/2011/01/20/AR2011012003687.html
