About That $900 Billion

Conn Carroll / September 10, 2009

Last night President Barack Obama promised: “Add it all up, and the plan I’m proposing will cost around $900 billion over ten years.” What are the chances that Obama will keep this promise? ReasonTV examines how the actual price of government programs almost always shoots far beyond the advertised price:

[youtube]http://www.youtube.com/watch?v=QZEVBogXFFg[/youtube]

The Senate Joint Economic Committee recently released a study examining the federal government’s track record of measuring the future costs of health care programs specifically. Here is what they found: (more…)