Monday, November 02, 2009

Worst Bill Ever

Wall Street Journal -- The Worst Bill Ever
The Journal’s editorial page pours out its cup of fury on the almost-final version of the $1.06 trillion House health bill. The piece is useful because it gets to the central point of the moment in Washington – for 8 months of fairly sustained debate on health care, we’re pretty much back where we started.

For all of the presidential palaver and town halls, the Democratic plan is mostly the same (only longer) that it was when the process began.Just as we knew in the spring, the Senate will pass a less liberal bill than the House and then the president will try to make a compromise between the two chambers’ plans. The Journal gives four things for those who love America and capitalism to be frothed about in the Pelosi plan.

“Even so, the House disguises hundreds of billions of dollars in additional costs with budget gimmicks. It "pays for" about six years of program with a decade of revenue, with the heaviest costs concentrated in the second five years. The House also pretends Medicare payments to doctors will be cut by 21.5% next year and deeper after that, ‘saving’ about $250 billion. ObamaCare will be lucky to cost under $2 trillion over 10 years; it will grow more after that.”

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