Monday, March 22, 2010

"Fantasy in, fantasy out..."

Douglas Holtz-Eakin, former director of the Congressional Budget Office, on the Democrats ludicrous claims that Obamacare will cut the deficit:
In other words, a bill that would set up two new entitlement spending programs — health insurance subsidies and long-term health care benefits — would actually improve the nation’s bottom line.

Could this really be true? How can the budget office give a green light to a bill that commits the federal government to spending nearly $1 trillion more over the next 10 years?

The answer, unfortunately, is that the budget office is required to take written legislation at face value and not second-guess the plausibility of what it is handed. So fantasy in, fantasy out.

In reality, if you strip out all the gimmicks and budgetary games and rework the calculus, a wholly different picture emerges: The health care reform legislation would
raise, not lower, federal deficits, by $562 billion.
Fantasy in, fantasy out. I remain incredulous at how many people seem to be thrilled that they've been lied to by the President and the Congressional Leadership. There is no level on which this legislation is not a disaster in progress, a slow-motion train wreck.

And how did this piece ever get published in the New York Times?

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