On the recordMarch 19, 2012
Mr. President, I would say my colleague from Wisconsin is absolutely right. Let me first of all say, millions of citizens around this country have gotten engaged for the same reason as my colleague did; as a normal citizen, running his business, he saw what was happening here and he decided to get involved. Not everyone can run for the Senate successfully and come back to Washington to bring that message from America right here to the Senate Chamber, but he has done it, and I commend him for his leadership. Yes, he is absolutely right. It turns out that his predictions and those of us who were on the Senate floor when this bill passed into law saying it was going to cost a lot more than our Democratic friends said; that it was going to cost a lot more than the Congressional Budget Office estimated, well, now the numbers are in and here they are. The nonpartisan Congressional Budget Office last week just released its updated figures, and it shows that the real cost of the ObamaCare subsidy spending is going to almost double. When ObamaCare was passed, they estimated the cost would be $938 billion. That is on the Medicaid part as well as the taxpayer-funded health insurance subsidies. As my colleague said, that is a 10-year cost. Of course, part of the game is that they are collecting money over 10 years but only paying benefits over 6 and that can make it look pretty good, as my colleague said.…





