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Malignant ObamaCare

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Saturday, Jan. 29, 2011
 

The White House argues that repealing ObamaCare would plunge the country into a bigger mess than the one it's already in. Two hundred notable economists beg to differ.

From the corridors of Capitol Hill to the halls of academia, the economists -- including two former directors of the Congressional Budget Office -- say the so-called Patient Protection and Affordable Care Act will not stem America's deficit but will add to it -- $500 billion in the first 10 years and nearly $1.5 trillion over the following decade.

"It creates a massive new entitlement at a time when the budget is already buckling under the weight of existing entitlements," their letter to Congress states.

The defense that ObamaCare somehow will cover its bets is "based on omitted costs, budgetary gimmicks, shifted premiums from other entitlements and unsustainable spending cuts and revenue increases," the economists write.

Their final analysis: ObamaCare is "fiscally dangerous" and should be repealed.

Proponents say a repeal won't pass the Senate and certainly not President Obama's veto. But House Republicans hold the purse strings. Ultimately the courts will decide ObamaCare's fate.

Given the facts piling up against the Democrats' signature "accomplishment," let alone its constitutional nose-thumbing, the case for termination couldn't be more clear.

 

 
 


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