ObamaCare — Why, sure, it’s ‘paid for’
Republican Senate Budget Committee analysts reported last week that the Patient Protection and Affordable Care Act (ACA) — a.k.a. ObamaCare — would increase the federal deficit by $131 billion over the period from 2015 to 2024. Drew Hammill, a senior aide to House Minority Leader Nancy Pelosi (D-Calif.), dismissed the report as “complete garbage.” Name-calling is no substitute for analysis. The Senate budget analysts’ work is fully transparent. Based on Congressional Budget Office (CBO) data on medical spending and labor market effects, it is quite easy to check out. In fact, the Senate Budget analysts do not question any of the CBO’s assumptions concerning ObamaCare’s biggest fiscal problem: massive government spending…Read More
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