TheWashingtonPost: President Obama’s landmark health-care initiative, long touted as a means to control costs, will actually add more than $340 billion to the nation’s budget woes over the next decade, according to a new study by a Republican member of the board that oversees Medicare financing.
And what are they mad about? Obama approved the guy...
The study is set to be released Tuesday by Charles Blahous, a conservative policy analyst whom Obama approved in 2010 as the GOP trustee for Medicare and Social Security. His analysis challenges the conventional wisdom that the health-care law, which calls for an expensive expansion of coverage for the uninsured beginning in 2014, will nonetheless reduce deficits by raising taxes and cutting payments to Medicare providers.
But predictably, the Obama regime is livid when everything doesn't spin their way...
ABCNews: The White House has unleashed a torrent of criticism on a leading conservative economist – approved by President Obama in 2010 as a Republican trustee overseeing Medicare and Social Security finances — for concluding in a new study that the Affordable Care Act will add to the deficit instead of reduce it.
Charles Blahous, a former economic adviser to George W. Bush on retirement security issues and deputy director of the National Economic Council, says in a report released today that, contrary to other independent estimates, the health law will add $340 billion to the deficit.
I share Weasel Zippers' sentiment: "C’mon SCOTUS, overturn this pig."
