It was no small lie when Obama promised the American people that they would not be hit with any new or increased taxes for those earning less than $250,000 per year. Unfortunately, that broken promise will turn out to be the biggest and most devastating lie any president in history has ever told. And that doesn’t even include the cap and trade taxes the Democrats also have planned.

Congress is using “every budget gimmick in the book” to conceal hundreds of billions in healthcare-reform costs that will lead to “massive tax increases” and higher insurance premiums, one of the country’s leading healthcare experts warns.

Dr. Robert E. Moffit, a senior official in the Department of Health and Human Services during the Reagan administration, who now directs the Heritage Foundation’s Center for Health Policy Studies, tells Newsmax that taxpayers are about to be blindsided by a spiraling healthcare expenses.

Moffit says the sharp jump in costs will occur despite what he calls President Obama’s “absurd promise” that that his healthcare reform proposals would bring sharp reductions in Americans’ healthcare bills…

“We find his statements to be overly optimistic, misleading and, to some extent, contradicted by one of his own advisers,” the Annenberg FactCheck.org Web site reported at the time. “And it masks the true cost of his plan to cover millions of Americans who now have no health insurance.”

Masking the true cost of healthcare is exactly what Democrats have done, Moffit says.

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