Saturday, March 20, 2010

Obamacare Bloats The Deficit

Obama lies. Hoyer lied. They all lied. Obamacare doesn't reduce the deficit. It worsens the deficit.

Responding to an inquiry from Rep. Paul Ryan, the Congressional Budget Office has confirmed that when you remove certain accounting gimmicks from the Democrats' health care legislation, it actually increases the deficit.

Democrats have touted a CBO report that found that their health care bill would reduce the deficit by $138 billion from 2010 to 2019. But that number assumes that hundreds of billions of dollars in Medicare cuts would be used to pay for the new health care entitlement. In a letter to Ryan, the CBO estimates that if the Medicare cuts were used to help shore up the effectively bankrupt Medicare trust fund instead, then the Democrats health care bill would run $260 billion in deficits over the next decade.


Will the mainstream media report this news as enthusiastically as they reported the Democrats' lies? Ha!

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