The Congressional Budget Office – the non-partisan agency that provides budget and economic information to Congress – has confirmed that Obama’s “Affordable” Care Act has (and will) be anything but for the American taxpayer and federal government.
Here’s the report from the Washington Times on the CBO’s findings:
“The federal government will be flirting with $30 trillion in debt within a decade, the Congressional Budget Office reported Monday, blaming an aging population, new spending and tax cuts approved on Capitol Hill, and the growing burden from Obamacare for erasing the progress Washington had made over the past few years.
“Analysts said Obamacare will chase more workers out of the labor force over the next five years, adding pressure to an economy still struggling to spring to life more than seven years into the Obama recovery.
“The Affordable Care Act itself is still struggling to attract a customer base, the CBO said, lowering its estimate for the number of people who will sign up for the exchanges from 21 million to 13 million – a drop of nearly 40 percent in projections. Customers collective taxpayer subsidies this year will be 11 million, down from the 15 million the CBO projected a year ago.”
This confirms what history has shown us time and time again: The private sector always does a better job of providing better quality goods and services for lower costs when the government stays out of the marketplace.
Obamacare is nothing more than a new twist on the old idea of government-mandated health care. And it’s only accelerating the pace at which the United States will become more financially insolvent.
Do you agree with the CBO’s findings that Obamacare is a fiscal train wreck?
Give us your take in the comments section below.