Flimflammery over cost of 'Obamacare'

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It’s a standard item in the Republican checklist of what’s wrong with Obamacare: that advocates of the program, in computing its costs, compare six years of expenses with 10 years of revenues. Because the most important benefits don’t kick in until 2014, the health reform program has an extra four years (2010-2014) to collect money before it has to start paying out. When the first 10 years is up (government costs and revenues are usually reported over 10-year periods), and ever...