President Obama said, “The package we’ve put together” will “start bending the cost curve on health care” and “cut the deficit by a trillion dollars.” Even a sympathetic Congressional Budget Office has finally put the nail in the coffin of that howler.
At the time Obama made the claim, we all knew it was specious, and study after study came out showing just how fraudulent it was. There was the double counting on Medicare, the “Doc Fix” scam and a host of others. When Rep. Paul Ryan asked the CBO to rescore Obamacare with more accurate assumptions, it didn’t quite make the grade — by hundreds of billions of dollars, which, of course, are but rounding errors for the federal spending virtuoso in the White House.
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