It's "only" $340 billion more on top of the $14 trillion national debt, but they sold it to the American people promising it would reduce the deficit. As broken promises go, it's a doozy.

According to the Washington Post, the study was not conducted by a partisan, anti-Obama organization, but rather by Charles Blahous, a policy analyst whom Obama approved in 2010 as the GOP trustee for Medicare and Social Security. His analysis challenges the conventional wisdom that the health-care law, which calls for an expensive expansion of coverage for the uninsured beginning in 2014, will nonetheless reduce deficits by raising taxes and cutting payments to Medicare providers.

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