Charles Krauthammer: Obamacare, the reckoning
Posted: 03/22/2012 04:10:05 PM PDT
Updated: 03/22/2012 04:10:07 PM PDT
"Obamacare was carefully constructed to manipulate the standard 10-year cost projections of the CBO. Because benefits would not fully kick in for four years, President Barack Obama could trumpet 10-year gross costs of less than $1 trillion -- $938 billion to be exact.
But now that the near-costless years 2010 and 2011 have elapsed, the true 10-year price tag comes into focus. From 2013 through 2022, the CBO reports, the costs of Obamacare come to $1.76 trillion -- almost twice the phony original number.
It gets worse. Annual gross costs after 2021 are more than a quarter of $1 trillion every year -- until the end of time. That, for a new entitlement in a country already drowning in $16 trillion of debt."
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