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Healthcare Bill Looks Cheaper than It Is

“Lawmakers use a 10-year accounting window to assess new programs. Starting the Medicare cuts and some of the taxes in the early years — and pushing the bulk of new spending into the latter years — helps keep the cost of the health care overhaul within Obama’s $900 billion limit.” (Associated Press, Sunday)

“Reality is negotiable.”

FEE Timely Classic
“Political Accounting” by James Bovard