New study: Obamacare to increase deficit $340 billion

A new study indicates that US President Obama’s healthcare bill, often called Obamacare or ObamaCare (but officially known as the Patient Protection and Affordable Care Act), will increase, not decrease the deficit:

10 April 2012

Study: Obama’s health care law will add at least $340 billion to deficit

(AP) WASHINGTON – Reigniting a debate about the bottom line for President Barack Obama’s health care law, a leading conservative economist estimates in a study to be released Tuesday that the overhaul will add at least $340 billion to the deficit, not reduce it.

Charles Blahous, who serves as public trustee overseeing Medicare and Social Security finances, also suggested that federal accounting practices have obscured the true fiscal impact of the legislation, the fate of which is now in the hands of the Supreme Court.

Officially, the health care law is still projected to help reduce government red ink.

Barack Obama and/or his Administration have fulfilled at least ten predictions in my book 2012 and the Rise of the Secret Sect. Increasing the deficit is one that he has already done.

Yet, if Obamacare passes the review by the Supreme Court, it will likely continue that trend.

Each time Washington has gotten involved with major healthcare legislation, it has tended to underestimate the costs. Including, BTW, President Bush’s pharmaceutical reimbursement plan. I do not believe that either of the two major US political parties are without blame for past programs that increase that cost more than advertised.

But the USA cannot afford to keep increasing the cost of its government without facing major consequences. Sudden destruction is prophesied for a nation that gets so heavily in debt (Habakkuk 2), but many act like they can spend and spend and ignore the cost. That will be a mistake.

Some items of possibly related interest may include:

2012 and the Rise of the Secret Sect This is a link related to a book by Bob Thiel (COGwriter). This link also has YouTube videos. This book documents and explains hundreds of prophecies. And since it was published, world events have aligned with at least 21 predictions in the book and many more will to come to pass. Those who purchase the book at the www.thesecretsect.com website receive a lengthy bonus report documenting world events that aligned with the book.
2012 and the Rise of the Secret Sect (English Kindle edition). This is the 2nd edition of the book, released in January 2012, and includes a summary of many of the predictions that world events have aligned with since the book originally came out in September 2009.
2012 y el surgimiento de la secta secreta 2012 libro del Dr. Thiel en Español.
2012 und das Auftreten der geheimen Sekte (German Edition) 2012 Buch von Dr. Thiel in deutscher Sprache. 2012 und das Auftreten der geheimen Sekte (German Kindle Edition)
2012 e o Surgimento da Seita Secreta (Portuguese Edition) 2012 livro do Dr. Thiel em português. Este livro documenta e explica centenas de profecias. E desde que foi publicado pela primeira vez, pelo menos 21 já começaram a acontecer.
2012 e o Surgimento da Seita Secreta (Brazilian Portuguese Edition) 2012 livro do Dr. Thiel. Edição em português do Brasil. Este livro documenta e explica centenas de profecias. E desde que foi publicado pela primeira vez, pelo menos 21 já começaram a acontecer.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people?
Canada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada? There are prophecies that suggest involvement with Canada. And many are not positive about its future.
Who is the King of the West? Why is there no End-Time King of the West in Bible Prophecy? Is the United States the King of the West?
Prophecies of Barack Obama? Eight reasons why Barack Obama is apocalyptic and eight reasons why Barack Obama is not the Antichrist. This article includes many biblical and non-biblical prophecies, from around the world, that seem to discuss Barack Obama. Did Nostradamus predict Barack Obama dealing with the Antichrist? Might Barack Obama set the stage for the kings of the North and South as at least one Shiite prophecy suggests? This is the longest and most complete article on this page on Barack Obama prophecies. Read it and decide for yourself if President Obama seems to be fulfilling various prophecies.
2012 – Ten Fulfilled Barack Obama Prophecies Barack Obama has already helped fulfill 10 predictions in 2012 and the Rise of the Secret Sect. Here is a YouTube video on ten.