CBO: President Obama’s Health Plan will Increase Spending

Finally, some credible authority to announce that the King has no clothes.

I know that President Obama has said that spending $1 Trillion on a new health care program for the uninsured will save money.  It will not:

“We do not see the sort of fundamental changes that would be necessary to reduce the trajectory of federal health spending by a significant amount,” Douglas Elmendorf, director of the Congressional Budget Office, told the Senate Budget Committee. “On the contrary, the legislation significantly expands the federal responsibility for health-care costs,” he added.

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