Tuesday, April 10, 2012

ObamaCare Worsens Deficits

Is there anything it can't do - wrong?
Obama and the Democrats believe the law will control skyrocketing costs and curtail government "red ink."

But Blahous, a former economic adviser in the George W. Bush White House, said in his research that the law is expected to boost net federal spending by more than $1.15 trillion and add between $340 billion and $530 billion to deficits between 2012-21.

"Relative to previous law, the (healthcare law) both exacerbates projected federal deficits and increases an already unsustainable federal commitment to health care spending," he concluded.

The analysis, first reported by the Washington Post late on Monday, also comes a month after the Congressional Budget Office (CBO) cut the estimated net cost of the healthcare law by $48 billion to $1.08 trillion through 2021.

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