Tuesday, June 16, 2009

Well, that didn't take long

"WASHINGTON – Sen. Edward M. Kennedy's health overhaul bill would cost at least $1 trillion over 10 years but only insure about 16 million." -AP article quoting the Congressional Budget Office (yesterday)

"[T]his is likely a best case scenario. It unrealistically assumes the program will come in on budget."-Me (also yesterday)

"WASHINGTON – The latest cost estimates for health care legislation in Congress are around $1.6 trillion over 10 years, two Senate sources said Tuesday as concerns mounted over the price tag for the sweeping overhaul. Two Senate staffers, one Democratic and one Republican, said Congressional Budget Office estimates put the cost of the Finance Committee version of the bill at around $1.6 trillion." -AP article (today)

I'd like to take credit for calling this, but betting on government projects to overrun their budgets doesn't require clairvoyance. It's more like betting the sun will come up in the morning.

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