President Obama’s diktat to delay ObamaCare’s employer mandate will cost $12,000,000,000 and decrease employee coverage:
The Congressional Budget Office has released its cost estimate of the Obama administration’s one-year repeal delay of ObamaCare’s employer mandate and anti-fraud provisions. The CBO expects the Obama administration’s unilateral rewriting of federal law (my words, not CBO’s) will increase federal spending by $3 billion in 2014 and reduce federal revenues by a net $9 billion, thereby increasing the federal debt by $12 billion. If President Obama keeps this up, Congress may have to raise the debt ceiling or something.
Where is that $3 billion of new spending going? The CBO estimates the administration’s action will lead to about half a million additional people receiving government subsidies, including through ObamaCare’s Exchanges.
Remember how the law’s real name is the “Affordable Care Act”?
If the Framers had had any clue to the depths to which our “leadership” would someday sink, I like to think they’d have added a provision to the Constitution. In it, any law achieving the opposite of its title would be considered null and void.
And wouldn’t you love to have seen Nancy Pelosi and Harry Reid trying to push through the “Cost a Bundle and Screw Everything Up for Everyone Act”?