The 2014 '30 Under 30'

Congrats to this year's 30 -- check out the full list here!

Oops! Study shows that ObamaCare will actually increase the deficit

When ObamaCare passed Barack Obama said it would be the biggest cut the deficit by over $1.3 trillion over the next 20 years. However, new analysis by Charles Blahous, a policy analyst Obama appointed as the GOP trustee for Medicare and Social Security in 2010, shows it will actually add $340 billion to the deficit in the next decade.

Blahous contends that the expansion of the Medicare hospitalization trust fund will provide additional benefits to the insured while shortchanging the uninsured.

“Does the health care act worsen the deficit? The answer, I think, is clearly that it does,” Blahous, who also serves as a senior research fellow at George Mason University’s Mercatus Center, said in a recent interview. “If one asserts that this law extends the solvency of Medicare, then one is affirming that this law adds to the deficit. Because the expansion of the Medicare trust fund and the creation of new subsidies create more spending than existed under prior law.”

The Obama administration, however, dismissed the study suggesting it departs from established bipartisan rules for scoring legislation.

“I never felt would reduce the deficit,  that was a particular accounting issue that I understood early on,” former Congressional Budget Office Director Douglas Holtz-Eakin, who serves as president of the American Action Forum, told Red Alert Politics. “I wrote about it a couple years. It’s incredible to have someone like Chuck Blahous make the same point.

“The president has raised the deficit from the day he got out and gave his speech in the Rose Garden.”

The Obama administration has been in denial about ObamaCare’s deficit impact from Day One, Holtz-Eakin said.

“You can’t both spend money on Medicare and on uninsured.  You will need to spend more to cover both or someone gets the short end of the stick,” Holtz-Eakin said. “It won’t help those it si supposedly supposed to help because we don’t have enough money.”

But Holtz-Eakin anticipates all projections will change after the Supreme Court makes its ruling.

 

Comments

Polititainment

Joan Rivers rips media over Israel

In which Joan Rivers takes a sledgehammer to the media.

Fla. pol proposes mandated D'Souza show

Florida State Senator Alan Hayes, according to a report in The Hollywood Reporter, is planning on introducing legislation to mandate that all Florida high schools show Dinesh D’Souza’s new film "America." That is, unless parents don’t want their kids to see it.

Kimmel: Obama a kid home for laundry

When President Obama was forced to cancel his appearance on Jimmy Kimmel Live for Wednesday night, the comedian was a good sport about it. He got back at the president in a particularly pointed monologue, however.

The royal photobomb and selfie

The selfie epidemic has officially gone royal.

Miller wants Obama to go on long vacay

President Barack Obama hopes to "be on a beach somewhere drinking out of a coconut" in 2017. Comedian Dennis Miller wants him there now.

White House

Polls: Obama White House incompetent at managing, worse than Darth Vader

The job of the administrative branch is to, well, administer the laws. According to a new Fox News poll released on Wednesday, most Americans think that the Obama administration is failing dismally at the task.

Obama wants ‘idealism and optimism’ for millennials in face of Congressional ‘crisis,’ refuses to recognize he is part of the problem
Now that “hope and change” seems to be played out, President Barack Obama has come up with a new catchphrase for millennials – “idealism and optimism.” In a speech at a Democratic National Convention fundraiser in Seattle, Wash. Tuesday night, Obama asked young people not to give up their natural idealism and optimism because of […]
President Obama admits he does not watch the news

During a speech during a Democratic National Committee event in Seattle, Washington Tuesday night, President Obama confessed that he doesn't watch the news. Throughout the speech, Obama predictably complained about the incompetence of our "broken" Congress and urged his liberal audience to get enthusiastic about voting for Democrats in the midterm elections this fall.

Congress and the President actually take action, Obama says ‘it’s so much fun’
“Girls just want to have fun,” Cyndi Lauper belts in her famous song. Apparently President Barack Obama wants to join her. “Let’s do this more often. It’s so much fun,” Obama said at a bill signing on Tuesday. Obama gathered in White House with members of Congress to sign the Workforce Innovation and Opportunity Act. This […]
Josh Earnest criticizes negative story for quoting anonymous sources, forgets the White House is always quoted anonymously

When White House Press Secretary Josh Earnest took a potshot at anonymous sources during a Monday briefing, he probably should have picked a meeker reporter.

Congress

Politicians struggle to 'live the wage'

Goodbye three-course power lunches at swanky D.C.  steakhouses. Hello Ramen noodles and PB&J.

Paul Ryan unveils new anti-poverty agenda

In another example of the Republican Party expanding its policy tent, Rep. Paul Ryan (R-Wis.) unveiled a new poverty-fighting agenda Thursday at the American Enterprise Institute.

Cruz to Reid: Leave Ritz-Carlton, go to Border
After President Obama turned him down, Sen. Ted Cruz (R-TX) invited Sen. Harry Reid (D-NV) to join him at the border.  In response to Reid’s recent claim that the border is secure, Cruz said on Fox News Sunday that Reid’s perspective is skewed because he “lives in the Ritz-Carlton in Washington D.C.” “I would invite […]
Graham: Immigration reform crucial for 2016
Immigration reform will be crucial to the 2016 presidential election, at least one Republican senator believes. Sen. Lindsey Graham appeared on NBC’s “Meet the Press’” with David Gregory Sunday morning to discuss foreign policy and the border crisis. “Senator, the crisis on the border, immigration reform. This is an international problem. But it’s also a big […]
Cruz: Obama loves to blame problems on Bush
Why won’t President Barack Obama and Congress work to end Obama’s push for amnesty at the border? Sen. Ted Cruz (R-Texas) believes the reason stems back to the Bush era. Cruz’s argument is that Obama’s Deferred Action for Childhood Arrivals program is the reason for the surge of child immigrants from Central America seeking illegal entry into […]