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On track to $20 trillion in debt in 2016.1:41 PM, Aug 23, 2012 • By DANIEL HALPERBy the end of this year, the federal debt is expected to be $16.2 trillion, which is $6.2 trillion more than when President Obama first came into office four years ago. Moreover, new analysis by the Republican side of the Senate Budget Committee finds that, over the next 4 years, if Barack Obama remains president and his budget is enacted, $4.4 trillion will be added to the federal debt.
Read more... 4:31 PM, Jul 27, 2012 • By JEFFREY H. ANDERSONThe latest CBO scoring of Obamacare, in the wake of the Supreme Court’s 5-4 decision upholding the overhaul’s individual mandate as an allowable (although seemingly unprecedented) tax on inactivity, shows that President Obama’s centerpiece legislation would cost about $2 trillion over its real first decade (2014 through 2023). The CBO also says that — despite its colossal cost and its unpreced
Read more... 11:29 AM, Jul 11, 2012 • By DANIEL HALPERThe Republican side of the Senate Budget Committee will later today release the following chart, detailing the rising projected cost of President Obama's signature legislation, Obamacare:
Read more... 11:49 AM, Apr 18, 2012 • By DANIEL HALPERThe cost of President Obama is $5,027,761,476,484.56 (so far!), according to CNS News:
In the 39 months since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56.
Although he has served less than a term, Obama is now the first American president to see the federal government's debt increase by more than $5 trillion during his time in office.
Read more... 2:42 PM, Feb 22, 2012 • By JEFFREY H. ANDERSONThe Obama administration’s recent decree — that, under Obamacare, Americans would no longer be free to offer or to choose new health plans that don’t include complimentary coverage of birth control, morning-after pills and the abortion drug ella — would likely lead a great many people to switch to much costlier birth control, according to a new piece published by Kaiser Health News.
Read more... Fat chance patients will have better health care. 2:30 PM, Mar 24, 2010 • By STANLEY GOLDFARB
Do you want to know what our new health care system means? All you need to know is that the price of Tenet Healthcare Corporation’s stock, one of the largest for-profit hospital systems, was up 9 percent two days ago. So much for bending the cost curve.
But let’s examine five cost containment initiatives that some are arguing will bend the cost curve.
Read more... Are these folks disingenuous or dreaming?3:43 PM, Mar 23, 2010 • By FRED BARNES
When White House chief of staff Rahm Emanual lobbied Democratic Representative Jason Altmire of Pennsylvania last week to vote for the health care bill, he argued it would cut the deficit. “You ran because you care about the deficit,” he told Altmire, according to the Washington Post. “This is north of $1 trillion in deficit reduction.” Shortly after the bill passed, House Speaker Nancy Pelosi offered the exact number, claiming the bill would save “the taxpayers $1.3 trillion.”
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