Today is a historic day. Obama Care or the Affordable Care Act was upheld as constitutional by the Supreme Court. In so doing the court has allowed two great Presidential lies to become a reality. Lie number one: This is not a tax. Lie number two: The Affordable Care Act will be revenue neutral.
The Supreme Court decided that it was constitutional to mandate all Americans to buy health insurance. It also decided that it was within the powers of Congress to levy a tax on every American who did not buy it.
In September, 2009 George Stephanopoulos asked President Obama during an interview on ABC News, “Under this mandate, the government is forcing people to spend money, fining you if you don’t. How is that not a tax?”
The President of the United States went on to respond, “No. That’s not true, George. The — for us to say that you’ve got to take a responsibility to get health insurance is absolutely not a tax increase.”
Listen to the interview as Obama explains how his mandate is not a tax on the American people that was just defined today by the Supreme Court as a mandated tax
It isn’t until the year 2014 before Obama care comes into existence. When Obama signed it into law he projected the cost for his mandate to be at $940 Billion. The President stated that any bill he signed into aw would be revenue neutral. But the non–partisan Congressional Budget office shows that the Obama mandate costs soaring up to $1.7 Trillion within 10 years. Phillip Klein, senior editorial staff writer with the Washington Examiner has the details.