• Blowing up the federal fisc. Even though Medicare'sunfunded liabilities are already about 2.6 times larger than the entireU.S. economy in 2008, Democrats are crowing that ObamaCare will cost"only" $871 billion over the next decade while fantastically reducingthe deficit by $132 billion, according to CBO.
Yet some 98% of the total cost comes after 2014—remind us why there must absolutely be a vote this week—andmost of the taxes start in 2010. That includes the payroll tax increasefor individuals earning more than $200,000 that rose to 0.9 from 0.5percentage points in Mr. Reid's final machinations. Job creation, herewe come.