By now everyone knows that Obamacare is officially the public policy flop of this generation. With the latest news of premium increases of 22 percent, insurance companies dropping out, dwindling competition, and rising costs to taxpayers, this is truly the Hindenburg of health plans.
But there is another part of the story that needs to be told. This wasn’t just a liberal screw up, it was a financial swindle of taxpayers. President Obama’s team and the liberal echo chamber lied about Obamacare from the start and covered up the financial time bomb that would soon detonate in Americans’ laps. These were like Enron officials cooking the books to cover up financial fraud — except in the case of Obamacare, no one ends up in jail.
Anyone remember how the White House said Obamacare would pay for itself by using 10 years of revenue to pay for eight years of spending? Where is Elizabeth Warren when you need her?
The only thing that has caught the left by surprise is that Obamacare has burst into flames so much faster than even severe critics — like myself — ever thought possible. The left was praying the bad news wouldn’t be exposed until after the election. Now at least Americans will go to the polls with the ugly facts right in front of them.