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  • House Health Plan Is Not Deficit-Neutral

    This past Friday on MSNBC, Center for American Progress researcher Igor Volsky told MSNBC “the House bill is deficit-neutral over ten years” This is flat-out untrue. Here is the CBO letter (PDF) that Volsky was referring to. Click on it. Search for the term “deficit-neutral” … or even just “neutral.” You’ll notice that those terms do not appear anywhere in the document. This is what the CBO letter actually says:

    According to CBO’s and JCT’s assessment, enacting H.R. 3200 would result in a net increase in the federal budget deficit of $239 billion over the 2010-2019 period.

    And if you have any doubt about CBO’s scoring of the House plan, here is what CBO director Doug Elmendorf told Congress last week:

    Under questioning by members of the Senate Budget Committee, CBO director Douglas Elmendorf said bills crafted by House leaders and the Senate health committee do not propose “the sort of fundamental changes that would be necessary to reduce the trajectory of federal health spending by a signficant amount.”

    “On the contrary,” Elmendorf said, “the legislation significantly expands the federal responsibility for health care costs.”

    And just what is the impact of our nation’s long-term deficits, which the CBO confirms the House health plan only makes worse?  Elmendorf explains on his blog:

    Large budget deficits would reduce national saving, leading to more borrowing from abroad and less domestic investment, which in turn would depress economic growth in the United States. Over time, accumulating debt would cause substantial harm to the economy.

    And those are just the budget impacts of the House health plan. The employer mandates, the surtax on small businesses, and the individual mandates are all economy killers too.

    Posted in Obamacare [slideshow_deploy]

    13 Responses to House Health Plan Is Not Deficit-Neutral

    1. Pingback: VIDEO: Miami to Protest Against Taxes & Gov. Spending – 7/21/2009 (Miami Protesta Contra Impuestos – Julio 21, 2009) « FactReal

    2. Pingback: The Republican's Solution to Health Care Reform - More Freedom? | The Patriot's Mind

    3. Pingback: House Health Plan Is Not Deficit-Neutral « Conservative Thoughts and Profundity

    4. Harry, Illinois says:

      Liars figure. Figures don't lie.

      And boy, we have a bunch of liars and cheats in our government.

    5. Pingback: Close to 80%of Americans Support a Public Option - Page 2 - MotownSports.com Message Board

    6. Pingback: Health Reform Scam » Amendments Expose Truth About ObamaCare

    7. Pingback: Fix Health Care Policy | Obama Speech Fact Check

    8. Pingback: The House Health Bill: The House Ways and Means Amendments | Fix Health Care Policy

    9. Pingback: The House Health Bill: The House Ways and Means Amendments | Conservative Principles Now

    10. Pingback: Total cost for Obamacare: $6 trillion? « Sister Toldjah

    11. Grizzly Adams says:

      Budgets? How about the nice new $600 Billion that the Fed is trying to do once again?. What we need to do is stop spending.

      short term health insurance

    12. Paul, Washington says:

      As if the health care bill is somehow solely responsible for rising Medicare, Medicaid, and Social Security costs….

      Or as if it is even possible to dramatically curtail or eliminate those rising costs in a single bill. With or without Republican obstruction of everything from the White House.

      Jeez.

    13. echealth says:

      I still think we needed to do something to save the health care business but sadly this wasn’t it.

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