WSJ:

the spending increases built into ObamaCare aren’t even up for discussion in the debt-limit talks. The Affordable Care Act adds more than 30 million more Americans onto Medicaid’s rolls, when that program is already growing by 6.5% this year…There are numerous other new taxes in the bill, all adding up to some $438 billion in new revenue over 10 years. But even that is understated because by 2019 the annual revenue increase is nearly $90 billion, or $900 billion in the 10 years after that. Yet Mr. Obama wants to add another $1 trillion in new taxes on top of this…

We think this was the President’s spend-and-tax plan from the very first. Run up spending and debt in the name of stimulus and health-care reform, then count on Wall Street bond holders and the political establishment to browbeat Republicans into paying for it all. He apparently didn’t figure on the rise of the tea party, or 1.9% GDP growth and 9.2% unemployment two years after the recession

Yes, this makes sense. We remember back two years ago, when the NYT was producing odd polls with doctored samples showing how badly the nation yearned for the healthcare bill. The idea was to create spending so large that large tax increases would be inevitable. But they misjudged both the economy and a large portion of the electorate.

This entry was posted on Tuesday, July 12th, 2011 at 5:30 am and is filed under business, Democrats, General, MSM, Polling, Republicans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.