The Obamacare fund is going to be a replication of the Social Security and Medicare fund, i.e., no fund at all with unsustainable costs.
Remember the Obamacare plan with its six years of expenses and 10 years of revenues? Well, now we can forget the ten years of revenues because the spend and tax President and the porkers in Congress have dipped into the Obamacare ATM fund three times this year and it won’t end there.
So far they’ve pinched $50 billion from the fund.
Two of the projects were health related at least but the latest had nothing to do with healthcare. It was a worthy cause but I’m sure many of them are. They took $11 billion to cover the cost of repealing a withholding tax that would have hit government contractors in 2013. Mr. Obama signed that bill into law on Monday. Read more here at The Washington Times.
I don’t doubt that the money was needed for the government contractors. It sounded like they were getting a bad deal. So, instead of robbing a fund, CUT SOMETHING we don’t need. You can’t tell me there isn’t a lot of fluff and filler in these budgets. They refuse to change their way of operating.