Study: Obama’s health care law would raise deficit – Yahoo! News
This is what happens when you listen to someone like Nancy Pelosi that says “You’ll find out what’s in it after it passes”. We could have had ALL the details before the bill passed if Congress and the senate would have done their jobs.
- (floating sticky note)
- “Taken as a whole, the enactment of the (health care law) has substantially worsened a dire federal fiscal outlook,” Blahous wrote in his 52-page analysis, released by George Mason University’s Mercatus Center. “The (law) both increases a federal commitment to health care spending that was already unsustainable under prior law and would exacerbate projected federal deficits relative to prior law.”
- The decision to use Medicare cuts to finance the expansion of coverage for the uninsured will only make matters worse, Blahous said. The money from the Medicare savings will have been spent, and lawmakers will have to find additional cuts or revenues to forestall that program’s insolvency.Under federal accounting rules, the Medicare cuts are also credited as savings to that program’s trust fund. But the CBO and Medicare’s own economic estimators already said the government can’t spend the same money twice.
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Tags: Health Care Reform, Nancy Pelosi, Obama, politics