Well, Christmas is over and guess what, the tab is a lot larger than originally estimated.
The Congressional Budget Office on Tuesday released a new estimate attributing $115 billion in additional spending to the new national health care law, driving the full cost over the first decade to over $1 trillion.
But the CBO cautioned that it didn't have enough information to project all of the additional costs.
The discrepancy between the new figures and the oft-cited $938 billion ObamaCare cost estimate comes because during the health care debate, the media only focused on the cost of the spending provisions aimed at expanding insurance coverage.
But the health care law also had all sorts of other discretionary spending costs, and implementation expenses, that were never calculated into a total figure. These include spending such as $39 billion for the Indian health improvement act; $34 billion in Federal Qualified Health Center grants; $9.1 billion in funding for the National Health Service Corps; and $5 billion to $10 billion in increased costs to the Internal Revenue service.
During the eighties, I had friends in college learning to speak Japanese because they thought it was a prudent business decision. Then in the late 90's people thought Chinese would be the language of the future.
I'm starting to think we all need to learn how to speak Greek.
Oh wait, borrowing trillions of dollars of money we can pay back is Greek.
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