Debra Heine:
Did you know that the national debt could skyrocket if fiscally irresponsible Republicans decide to repeal ObamaCare?
President Barack Obama, sounding a bit like a member of the Tea Party on Twitter Monday, warned that the national debt could increase by $137 billion if his signature achievement is repealed.
If #Obamacare is repealed, the national debt could increase by $137 billion:http://t.co/7JTh4e8pZf
— Barack Obama (@BarackObama) June 22, 2015
This marks the first time Obama has ever shown concern about the national debt – whichhas exploded under his stewardship:
The United States’ national debt has now passed the $18 trillion mark and is up by a whopping 70 percent since President Obama took office.
When Obama leaves office, the number will be near $20 trillion; the debt was $10.6 trillion when he arrived in the White House.
The Congressional Budget Office projects that the debt will be at $26.5 trillion in 10 years.
Last Fall, Reason explained what is going on with the administration’s phony ObamaCare numbers:
Back in 2009, it was really important to President Obama that people understand he would not “sign a plan that adds one dime to our deficits—either now or in the future. Period.” He sold the plan as costing about $938 billion in its first decade of operation (2010 through 2019) but saving about $143 billion overall because of the various taxes and other revenue it raised. A 2012 Congressional Budget Office (CBO) report figured that Obamacare would shave $109 billion off the deficit between 2013 and 2022.