Earlier this week Doug Elmendorf, director of the nonpartisan Congressional Budget Office, told Congressional leaders that Obamacare will not reduce federal health spending and the legislation would significantly expand the federal responsibility for health care costs. The actual hit to the federal deficit for this program alone exceeds $239 billion over the next decade.
Elmendorf also announced that under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run.
But, none of that has swayed President Disaster from pushing his massive government expansion into the health care system in his weekly address…
And blaming Republicans for the economic calamity he created.
From the White House website:
Now we know there are those who will oppose reform no matter what (straw man). We know the same special interests and their agents in Congress will make the same old arguments, and use the same scare tactics that have stopped reform before because they profit from this relentless escalation in health care costs. And I know that once you’ve seen enough ads and heard enough people yelling on TV, you might begin to wonder whether there’s a grain of truth to what they’re saying. So let me take a moment to answer a few of their arguments.
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First, the same folks who controlled the White House and Congress for the past eight years as we ran up record deficits will argue – believe it or not – that health reform will lead to record deficits. That’s simply not true. Our proposals cut hundreds of billions of dollars in unnecessary spending and unwarranted giveaways to insurance companies in Medicare and Medicaid. They change incentives so providers will give patients the best care, not just the most expensive care, which will mean big savings over time. And we have urged Congress to include a proposal for a standing commission of doctors and medical experts to oversee cost-saving measures.
HotAir has more thoughts on President Disaster’s spin.
President Disaster already sent the economy off a cliff but still wants to spend gazillions on Obamacare:
President Disaster will quadruple the US budget deficit his first year in office. And, no President Obama, this debt was not created by the GOP.
It’s all yours now. Own it.
Related… Here’s the movie version.