"To announce that there must be no criticism of the president, or that we are to stand by the president, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." -- Theodore Roosevelt

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Friday, January 7, 2011

CBO Says Repealing ObamaCare Would Reduce Net Spending by $540 Billion

Sure, but why would we want to reduce government spending during a fiscal crisis? Let's continue to spend our way out of debt. It worked so well for the Japanese...

From the The American Spectator piece by Philip Klein:

"The Congressional Budget Office, in an email to Capitol Hill staffers obtained by the Spectator, has said that repealing the national health care law would reduce net spending by $540 billion in the ten year period from 2012 through 2021. That number represents the cost of the new provisions, minus Medicare cuts. Repealing the bill would also eliminate $770 billion in taxes. It's the tax hikes in the health care law (along with the Medicare cuts) which accounts for the $230 billion in deficit reduction [emphasis mine]."

The full CBO e-mail is at The American Spectator link above. Check it out.

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