Harry Reid's Enron accounting

Jeffrey Anderson:

SENATE Majority Leader Harry Reid is touting the Senate's latest health-care bill as costing $849 billion over 10 years. But this uses the same accounting trick as past versions: 99 percent of the costs don't kick in until the fifth year of that "10-year" period. The true 10-year costs are well over twice what Reid's advertising: $1.8 trillion.

The Democrats cite the bills' projected costs from 2010-19. Yet, as the Congressional Budget Office reports, the bill would cost just $9 billion total from 2010 through 2013 -- versus $147 billion in 2016 alone. In the first 40 percent of what the Democrats are calling the bill's "first 10 years," only 1 percent of its costs would yet have hit.

The Democrat politics of fraud is not going to be cheap for tax payers.

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