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Politics : A US National Health Care System?

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To: MJ who wrote (24451)	8/8/2012 1:40:00 AM
From: greatplains_guy	2 Recommendations Read Replies (1) of 42652

ObamaCare's Phony Deficit Reduction Lost in the fuzzy budgetary math is a simple truth: Repealing the law means lower taxes and spending. Updated August 7, 2012, 7:00 p.m. ET. BY BETSY MCCAUGHEY Defenders of President Obama's health law are flaunting a Congressional Budget Office claim that overturning the law would worsen the federal deficit. Repeal, said a CBO report late last month, would cancel $890 billion in new entitlement spending but eliminate revenues of even greater magnitude. Don't be bamboozled. Even if it were true that ObamaCare raises more money than it spends, that would hardly be reason to keep it, or any law. ObamaCare creates two costly giveaways—an expansion of Medicaid and new subsidies for people purchasing private insurance. It "pays" for both new entitlements by hiking taxes and penalties, and ... Non-subscriber preview. online.wsj.com

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