This Wednesday CBO Director Doug Elmendorf gave a slide presentation on Capitol Hill titled: Health Costs and the Federal Budget. Elemendorfâ€™s very first slide reads:
Rising health costs will put tremendous pressure on the federal budget during the next few decades and beyond. In CBOâ€™s judgment, the health legislation enacted earlier this year does not substantially diminish that pressure.
The presentation concludes:
Putting the federal budget on a sustainable path would almost certainly require a significant reduction in the growth of federal health spending relative to current law (including this yearâ€™s health legislation).
In other words, our nationâ€™s budget is on an unsustainable path and Obamacare did nothing to change that.
SideBear: This should not come as a surprise to anyone who was paying attention but it goes a long way in showing how deceitful and corrupt politics are in Washington today.
An honest government would have published this first before they voted on ObamaCare.