In Their Own Words: Obamacare Is Massive New Entitlement That Worsens Our Fiscal Crisis

Conn Carroll / November 10, 2009

The Wall Street Journal draws our attention to a burst of honesty from The New Yorker‘s John Cassidy:

The future cost savings that the Administration and its congressional allies are promising to deliver are based on wishful thinking and sleight of hand. Over time, the reform, as proposed, would almost certainly add substantially to the budget deficit, thereby worsening the long-term fiscal crisis that the country faces.
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The U.S. government is making a costly and open-ended commitment to help provide health coverage for the vast majority of its citizens. I support this commitment, and I think the federal government’s spending priorities should be altered to make it happen. But let’s not pretend that it isn’t a big deal, or that it will be self-financing, or that it will work out exactly as planned. It won’t. (more…)