Watching the debate over the repeal of ObamaCare that’s taking place on the House floor right now, Rep. Lloyd Doggett (D., Tex.) said late this afternoon, “The choice here is whether to give more money to insurance monopolies or leave just a little bit in the pockets of middle-class Americans.” There are only two big problems with this characterization of the choice at hand:
One, according to the Congressional Budget Office (CBO), ObamaCare would cost more than $2 trillion in its real first decade (2014 to 2023). One wonders where Rep. Doggett thinks this $2 trillion-plus would come from, if not from Americans’ pockets. That which doesn’t come directly from Americans’ pockets through increased taxes would come from digging into the pockets of seniors through decreased benefits, as ObamaCare would get about half of its windfall from raiding money from Medicare.
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