ObamaCare's Real Cost
"But, as Sebelius conceded to Congress in March 2011, that's double counting. The government can't spend the same money twice. Medicare tax revenues dedicated to current Medicare spending can't be used to reduce the budget deficit. That's true "in practice," Medicare chief actuary Richard Foster wrote last year, despite the CBO's scoring procedure.
And, as Blahous points out, if the funds don't go to Medicare, then under current law, Medicare will go broke faster and be forced to reduce benefits. Since Congress is not likely to let that happen any sooner than it has to, the deficit reduction promised by the CBO score and claimed by the Obama administration simply ain't going to happen, no how, no way."
No comments:
Post a Comment