Friday, March 19, 2010


Speaking as someone who worked for ten years on the $3.5 billion Big Dig, I'm not exactly sold on these numbers either.

President Obama, Speaker Pelosi, and their allies, are cheerfully citing “ten year” costs of $940,000,000,000.00 — apparently believing this to be a far more palatable figure than $1 trillion. But even this colossal tally is like the introductory price quoted by a cell phone provider. It’s the price before you pay for minutes, fees, and overcharges — and before the price balloons after the introductory offer expires.

And, before fraud, extortion, and theft are factored into the equation.

To see the bill’s true first-decade costs, we need to start the clock when the costs would actually start in any meaningful way: in 2014. The CBO says that Obamacare would cost $2.0 trillion in the bill’s real first decade (from 2014 to 2023) — and much more in the decades to come.

But $2.0 trillion wouldn’t be the total ten-year costs. Instead, that would merely be the “gross cost of coverage provisions.” Based on earlier incarnations of the proposed overhaul, the total costs would be about a third higher (the exact number can’t be gleaned from the CBO’s analysis, which is only preliminary and is not a full scoring) — making the total price-tag between $2.5 and $3 trillion over the bill’s real first decade.

This plan will bankrupt our nation, plain and simple. Why would Obama and the members of the "progressive" caucus in Congress go ahead with plans to...

Oh, wait, never mind.