In the summer of 2009, President Obama and congressional Democrats faced a dilemma. In the midst of a severe economic downturn, and less than a year after the national debt had reached the 14-figure mark for the first time in American history, they wanted to launch a brand-new federal health care entitlement"”and they needed a way (at least on paper) to pay for it. They were only willing to fund about half of it with tax hikes, so they needed to come up with a lot of additional money. Their chosen funding source is now coming back to haunt them.
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