Plus, a "deficit reduction" doesn't mean "free." The only way to save on a new government program is to cut other spending -- or raise taxes.
And this plan does both, in spades -- swiping money from Medicare and imposing huge tax hikes, $200 billion worth, on Americans.
Ironically, the Heritage Foundation figures that, of the folks hit by one of the plan's steepest tax hikes, more than half fall in the bottom 60 percent of the income scale. So much for helping "working Americans."
To see just how painful these taxes will be, consider that CBO projects deficits will keep falling even after its 10-year budgeting window -- but only because the taxes for the program grow much faster than its benefits.
(When government says your tax bill is going up faster than even itcan spend the money, grab your wallet.)
Nor does CBO account for an economy that will react -- badly -- to ObamaCare's tax hikes. When the taxes kill off jobs and shrink wages, and with them Uncle Sam's tax receipts, watch for the plan's "savings" to dry up fast.
As we've said before, the Dems are aiming to create a massive new entitlement program that will tax the life out of the economy -- and, according to CBO, still leave 25 million Americans uninsured. Where's the profit in that?