Thursday, March 25, 2010

Democrats gamed the CBO system for a good score

Former CBO director Douglas Holtz-Eakin bypassed the Democratic Party's deceptive tricks to figure the true cost of their health care reform bill, via Michael Barone in the Washington Examiner:

Holtz-Eakin's bottom line: The bill will not lower deficits but will raise them by $562 billion over 10 years. Treasury will have to borrow that money -- and probably pay much higher interest than it's paying now.