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Wednesday, February 27, 2013

'Maybe It's Time to Cut Back on the C-List Outrages'

Assume everything that can go wrong does go wrong, and that nothing whatsoever goes right. Then, surprise, (and drum roll for Senator Sessions), the result will not be very good:

Jeff Sessions, Wonk McCarthyite, by Jon Chait: Senator Jeff Sessions announced yesterday that he had uncovered a staggering new fact. Obamacare, according to a new report from the General Accounting Office, would add $6.2 trillion to the deficit over the next 75 years. The report would be out the next day. We’d all see. Conservatives were right all along! Obamacare is turning America into Greece!
Well, the report is out, and conservatives are afire with rage. National Review, the Daily Caller, the Heritage Foundation, and many others are all reporting the new bombshell. But the report turns out to be following directions to assume that all of the efforts in the law to control health-care cost inflation fail or are repealed, and the portions that provide coverage are kept in place.
So, yeah. If Congress keeps the parts of the law that cost the government money, and repeals the parts that save money, the law will increase deficits. Alternatively, if the government repeals the parts that cost money and keeps the parts that save money, it will reduce the deficit by more than we’re projecting. ...

Let me turn the microphone over to Kevin Drum (where the title of this post comes from):

... This is what Sessions asked the GAO to do. He wanted a report describing what would happen if all the costs of Obamacare stayed intact but all the revenues and savings measures didn't. To the surprise of no one, under those conditions the deficit would go up. You could pretty much plug any government program into a scenario like that and get the same result. ...
This is so obviously moronic...
If conservatives are looking for examples of utterly wasteful government spending...

    Posted by on Wednesday, February 27, 2013 at 03:35 PM in Economics, Politics | Permalink  Comments (18)

          


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