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Constitutional or statutory requirement to rein in growth of revenues end expenditures
a commitment made by elected officials and candidates for elected office never to raise taxes
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pork-barrel spending - the broken windows of the budget
Senate Budget Committee Staff: Fully Implemented House Bill to Cost $3 Trillion
Monday, November 9, 2009 12:11 PM
This weekend, after casting previous no-tax-increase promises on the part of the President and transparency promises by Speaker Pelosi aside, the House of Representatives narrowly passed the Democrats' monstrosity of a health bill at a vote of 220 to 215. One in seven Democrats and all but one Republican opposed the bill.
Meanwhile, the Republican Senate Budget Committee staff has updated the cost estimate for the "fully implemented" House Democrat bill, and puts the cost at a staggering $3 trillion. From the press release they sent out:
Over the first 10 years, this legislation builds in gross new spending of $1.7 trillion – and most of the new spending doesn’t even start until 2014. Once that spending is fully phased in, the House Democratic bill rings up at more than $3 trillion over ten years.
Here's the breakdown.
Reader Comments:
It is UNBELIEVABLE that the administration can keep telling us this bill is paid for - how can it possibly be "neutral" if it is costing us taxpayers 3 TRILLION dollars!? To say it is fully paid for is a lie - we don't have that much money to give the government!
Carol / Your Location
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