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CHARTS: Why Obamacare Adds Hundreds Of Billions To The Deficit

•, Michael Brendan Do
 The Mercatus Center's Charles Blahous has just launched a frontal assault on Obamacare, by releasing a study showing that the health-care reform is very unlikely to reduce government spending on health-care.

More likely it is going to blow an enormous hole in the budget, and increase deficits by over $500 billion dollars.

His basic argument boils down to a few points.

1) The original budget estimates were too optimistic.

2) Historically Congress tends to get rid of the cost-cutting and increase the spending in these kinds of bills, and they already are doing that.

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