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Statement by Ron Paul on CBO's Obamacare Cost Projections

March 16, 2012


"CBO's revised projection that Obamacare will cost $1.76 trillion over 10 years is simply the latest evidence that America cannot afford Obamacare."

LAKE JACKSON, Texas — Today Congressman and 2012 Republican Presidential candidate Ron Paul released the following statement regarding the revised Congressional Budget Office (CBO) projections on the costs of Obamacare:

"The CBO's revised projection that Obamacare will cost $1.76 trillion over 10 years is simply the latest evidence that America cannot afford Obamacare. My 'Plan to Restore America' not only reduces federal spending by $1 trillion in the first year of my Presidency, balances the budget in three years, and jump-starts the economy with tax and regulatory relief, it also repeals Obamacare.

"On my first day as President, I will use my constitutional authority to stop enforcement of the unconstitutional national healthcare law. I will then work with Congress to repeal Obamacare and replace it with initiatives that restore a true free-market in healthcare, such as expanded access to Health Savings Accounts and individual healthcare tax credits and deductions.

"Of all the five men seeking the nomination of a major presidential party—President Obama, Mitt Romney, Rick Santorum, Newt Gingrich, and myself—I am the only one who is a physician, the only one who has consistently opposed government intervention in the healthcare market, and the only one to propose a serious plan to do what is needed to Restore America Now."

Ron Paul, Statement by Ron Paul on CBO's Obamacare Cost Projections Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/300569

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