GAO: ObamaCare Could Add $6.2 Trillion To Long-Term Federal Deficit

Here’s another headline-worthy story you may not hear/ready about in the mainstream media. Andrew Stiles reported on the National Review blog The Corner earlier this week:

Obamacare will increase the long-term federal deficit by $6.2 trillion, according to a Government Accountability Office (GAO) report released today.

Senator Jeff Sessions (R., Ala.), who requested the report, revealed the findings this morning at a Senate Budget Committee hearing. The report, he said, “confirms everything critics and Republicans were saying about the faults of this bill,” and “dramatically proves that the promises made assuring the nation that the largest new entitlement program in history would not add one dime to the deficit were false.”

President Obama and other Democrats attempted to win support for the health-care bill by touting it as a fiscally responsible enterprise. “I will not sign a plan that adds one dime to our deficits — either now or in the future,” Obama told a joint-session of Congress in September 2009. “I will not sign it if it adds one dime to the deficit, now or in the future, period.”

You can read Stiles’s entire February 26 post on his blog here.

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)