Remember the contentious healthcare debate? Our very own President told us that in a bit of legerdemain resembling something with loaves and fishes providing lunch for a multitude, he was going to provide better than Medicare benefits to everyone, not just those over 65, and do it for less money. The mouth-breathing masses marveled at the genius of the proposal.
As the war raged on, it was pointed out that the budget estimates for this wondrous achievement used various methods of double-accounting, not the least of which was providing a ten-year cost estimate that employed the blatant mechanism of using ten years of tax collection to provide six years of benefits.
Well, now we're at a point where ten years of program means ten years of revenue on one side of the ledger and ten years of expenditure on the other. Guess what?
Obamacare Not $900B! Now $1.76 TRILLION and Rising
But fear not, we are still two years away from the 2014 benefit implementation date. It's going to get a lot more expensive.