Michael Barone has written a good piece on the true cost of Obamacare. The key thing for voters to understand is that by not starting benefits until 2014, it gets a 4-year headstart on expenses so that the "scoring" by the CBO for the next 10 years looks good. It also did not include $114B in Medicare spending that will be necessary to run the program, but rather stuck it in a separate bill, again to preserve a favorable CBO rating.
This financial trickery hasn't fooled the bond markets, which are now granting lower rates to several American businesses floating bond issues than to U.S. Treasury bond issues, which have traditionally been the "gold standard" for bonds. Moody's is seriously talking about down-rating the bond credit rating for the U.S. government. This means future bond issues to pay for the increasing deficit will cost more, maybe a lot more. You can fool some of the people some of the time, but we are all going to pay for this debacle in myriad ways.
townhall.com/columnists/MichaelBarone/2010/03/25/bond_markets_reflect_the_true_cost_of_obamacare
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