they talk it up but get how much you re ponying up on the obamacare. it just might make you sick. what s going on here? well, neil in 2009, president obama promised that the affordable care act would only cost $900 billion over the next ten years. fast forward to the year four-the cbo estimates obamacare will cost $2.6 trillion over the next ten years, and that s just the cost of the law. let s look at a couple more numbers here. you look at the $600 million that taxpayers have ponied up to pay for the health care.gov, and then here s my favorite part. $684 billion million to advertise for a law that the white house said didn t need advertising for in the first place. that s based on both state and federal data. so, if that is the case, and
verge, what does this mean for lansing, michigan, if the automakers had not had this opportunity? look, this is phenomenal. i mean and on behalf of working people, including my dad, a gm retiree, let me say thank you to you, ed, for being such a mega phone for the working people of this country. you are a treasure. look, this saved millions of jobs. maybe 2.6 million jobs. you alluded to the supply chain, of course. it s not just people making cars, but the entire supply chain, all the things that go into the car. $284 billion in payroll that would have been lost across this country. something like $300 billion in tax revenue, you know, to support government at all levels. and an incredible something like a 700% return on investment. and think about the things we spend money on, ed. think about to put in perspective, people talk about $10 billion. what an investment, what a return on investment. we re fighting two wars right now. we re spending something like $1.2 trillion a ye
we didn t get either in this. bill: do you think the president called his folks and the oval office and said set up the program, tell me if i were to log on to sign up for obamacare, what would i see. did that happen? i have no idea. the point is somebody should have asked that question. we have rumors they did, it wasn t ready and they went ahead anyway. here is something your listeners ought to know. we spent $84 billion per year in it in the federal government. 42 billion is wasted every year. bill: in fraud? incompetency. half of what we spend on it fails in the federal government. now it is hard because 20% of what private buys doesn t work. 2.5 times greater than the federal government. we don t have accountability, we don t hold people responsible. this is just the base of trying
income tax up. corporate tax up. payroll tax up. it s flooding in all in the name of fairness. heather: cü= paid more as well. $30 billion more. it s all in the name of fairness. but it hasn t worked. this income redistribution through taxation has given us a lousy growth rate. it s given us a shrinking middle class and appalling rates of unemployment among young people and minorities. this fairness is in fact unfair. but hold on a second, there s more. the president wants another trillion but wait, there is more. it s not funny. there is an extra, another interest dollars another trillion dollars the president wants in revenue. his interesting is not growing the case but reslicing the case and it is fundamentally unfair. heather: the president talked about that for years and year about that being his goal. a couple of interesting
result of growth. that s the opposite of what we ve got now. heather: conservatives a lot time when we talk about raising taxes always say if you raise taxes it s going to bring in a lot less revenue. that s not been the case here. how do you square that? raising taxes brings in less revenue over the long term. in the short term, you raise taxes you ll get the money flooding in. by the way, this raising of taxes only occurred in the last year. and it s in the last year we ve had this $284 billion flooding in. you always explain things so clearly and simply. in the long term, that s the issue here. long term. at 6:20 a.m., that is incredible. steve: three hours now over in fox business you ve got your television show that people love to watch as you explain the news and politics. thank you very much indeed, steve. steve: see you later. straight ahead, is this any way to honor an american hero? [chanting]