President Barack Obama again asserted today that his health care plan would be deficit neutral chiding: “The argument that opponents are making against this bill does not hold water.” But while the President’s most ardent supporters are trying to explain to each other why the benefits of the bill do …
Senate Majority Leader Harry Reid unveiled his 2,074 page health care bill with claims that the massive measure falls under the $900 billion cost threshold promised by the President. To put it charitably, the truth is more complicated. The bill depends on budget gimmicks and unrealistic assumptions and projected savings …
Yesterday at 3:00 p.m. ET, the Treasury Department updated its calculation of the U.S. National Debt to: $12,031,299,186,290.07. That $12 trillion record high comes just eight months after it hit $11 trillion and is only expected to rise faster considering the federal deficit for 2009 was over $1.4 trillion. And …
Congress wants America to believe its new promises to control spending even as it reneges on its old promises and spends more than ever. The “new” promise within health care reform bills is to reduce Medicare spending by hundreds of billions of dollars. Yet simultaneously, Congress is reversing 1997 legislation …
Forget the President’s rhetoric about bending the health care cost curve. The House of Representatives will soon vote on legislation (H.R. 3961) that effectively repeals the cost control mechanism included in the Medicare physician payment update formula back in 1997. Passage of H.R. 3961 would add another $210 billion to …
