Did Obama miss on his estimated cost?

This entire entry by Shoebox at No Runny Eggs is really worth your time. This in particular caught my eye:

Obama is out pushing his medical insurance programs. He claims that by implementing the new plan he will reduce costs. Unfortunately for Obama, the CBO came out today and blasted his assumptions saying Obama’s plan will add an additional $1 Trillion to the deficit (remember, this is the deficit that Obama continues to claim he “inherited” and that he would cut in half) and that it will only cover an additional 16 to 17 million people.

Here’s a paragraph from the Congressional Budget Office summary:

According to our preliminary assessment, enacting the proposal would result in a net increase in federal budget deficits of about $1.0 trillion over the 2010-2019 period. When fully implemented, about 39 million individuals would obtain coverage through the new insurance exchanges. At the same time, the number of people who had coverage through an employer would decline by about 15 million (or roughly 10 percent), and coverage from other sources would fall by about 8 million, so the net decrease in the number of people uninsured would be about 16 million or 17 million.

Here’s the 10 page letter the office sent to Senator Kennedy.

So, when the President of the United States stands before crowds and say this:

He’s blowing smoke. (Hey! Isn’t that bad for you?) Here’s Obama’s entire address.

Will those Senate Republicans who gifted us with the spectacularly helpful stimulus package screw up healthcare, too?