Thursday, September 10, 2009

And More....

From James Capretta over at National Review's Critical Condition blog:
It’s as if the president and his team haven’t read anything that the
Congressional Budget Office (CBO) has said about the health-care bills under
consideration. The truth is that these bills would add an additional
runaway health-care entitlement to the ones already on the federal books.
CBO has said that the House bill would set in motion new spending that would
grow at about 8 percent rate per year, while the revenue to pay for it would
increase only about 5 percent per year. You don’t have to be a financial
genius to see a problem here.
No one would accuse Obama or his administration of being financial geniuses. At this point I'd settle for minimally competent but, alas, even that standard seems beyond their grasp.

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