Saturday, January 22, 2011

I'll keep pointing this out until the canard dies

Charles Krauthammer
Suppose someone - say, the president of United States - proposed the following: We are drowning in debt. More than $14 trillion right now. I've got a great idea for deficit reduction. It will yield a savings of $230 billion over the next 10 years: We increase spending by $540 billion while we increase taxes by $770 billion.

He'd be laughed out of town. And yet, this is precisely what the Democrats are claiming as a virtue of Obamacare...

Explains CBO Director Douglas Elmendorf in his "preliminary analysis of H.R. 2" (the Republican health-care repeal): "CBO anticipates that enacting H.R. 2 would probably yield, for the 2012-2021 period, a reduction in revenues in the neighborhood of $770 billion and a reduction in outlays in the vicinity of $540 billion."

[LB: Remember that this is only for the 2012-2021 period, which includes ~10 years of revenues and only ~6 years of outlays. After 2021, they can't even pretend that there's deficit reduction.]

As National Affairs editor Yuval Levin pointed out when mining this remarkable nugget, this is a hell of a way to do deficit reduction: a radical increase in spending, topped by an even more radical increase in taxes.
There's been a lot of dishonesty involved with the whole Obamacare process, but this notion that it somehow reduces the deficit is possibly the most pernicious of the lies spread by the left.

Labels: , , ,

|

0 Comments:

Post a Comment

Comment?

<< Home

Links to this post

Links to this post:

Create a Link