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  • Obama vs Mathematics

    From the article:

    The Congressional Budget Office’s mid-July “score” of the main House health-care bill puts the price tag at about $1 trillion over the next decade. But ten-year budgets, as even the CBO has warned in the past, are not reliable for assessing entitlement programs. Most of the spending in the House plan is phased in over several years, making the ten-year cost look deceptively small. Extending the budget window by just three years doubles the program’s cost to over $2 trillion.

    And that’s just a start. The most comprehensive view of a program’s projected shortfall comes from calculating the present value of all of its future outlays and subtracting any new revenue sources. The House plan has a present-value shortfall of $13.6 trillion. That’s the amount of additional money that must be set aside, in today’s dollars, to put this program on a sustainable course.

    I’m just not understanding how anybody thinks this is a good idea on any level.

    August 13th, 2009 - bitching - political

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