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CBO: ObamaCare Will Actually Reduce Budget Deficit, You Guys

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By Distriction on July 25, 2012

This post originally ran on our DC/politics site Distriction.

Republicans in Congress want to reduce the budget deficit. Their plan to do that involves “repealing” and “replacing” President Obama’s health-care overhaul legislation, the Affordable Care Act.

Get rid of ObamaCare! Now! It’s a really good idea … if your plan is to do the exact opposite of what you’re trying to achieve on controlling the deficit.

The nonpartisan Congressional Budget Office on Tuesday said ObamaCare will actually work to shrink, not enlarge, our fiscal budget headache.

The AP has details:

Republicans have insisted that “Obamacare” will actually raise deficits — by “trillions,” according to presidential candidate Mitt Romney. But that’s not so, the budget office said.

The office gave no updated estimate for total deficit reductions from the law, approved by Congress and signed by Obama in 2010. But it did estimate that Republican legislation to repeal the overhaul — passed recently by the House — would itself boost the deficit by $109 billion from 2013 to 2022.

“Repealing the (health care law) will lead to an increase in budget deficits over the coming decade, though a smaller one than previously reported,” budget office director Douglas Elmendorf said in a letter to House Speaker John Boehner, R-Ohio.

The law’s mix of spending cuts and tax increases would more than offset new spending to cover uninsured people, Elmendorf explained.

The next time you hear John Boehner, Eric Cantor, Mitt Romney or anyone on FOX News talk about how ObamaCare will explode the deficit, just remember, it’s not partisan to out that rhetoric as a big fat lie.

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