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

Obama praises Joan Rivers

President Obama must really want to maintain his popularity in Hollywood. Why else would he write a letter to Melissa Rivers praising her mother and late comedian Joan Rivers, the same woman who called him gay and his wife a "tranny" in July?

TDS: Biden hasn't been out of the house

"The Daily Show" had some fun Thursday night with the VP's recent double whammy of off-color remarks.

GoT Author to host Democrat Fundraiser
The red fundraiser? In this case, the appropriate color is probably blue. George R.R. Martin, the author of the popular book series “A Song of Ice and Fire” and the inspiration for HBO’s “Game of Thrones,” will host a fundraiser for Sen. Tom Udall (D- N.M.) in early October. According to Udall’s campaign, the event will […]
Jay Carney's son performs at White House

The former White House press secretary and now CNN political commentator tweeted out a photo of his son's band Twenty20 performing at a White House event Monday evening.

Stewart: Graham has panicked for 13 yrs
Comedian Jon Stewart is taking some time away from going after his favorite Republican war hawk Sen. John McCain and is now going after McCain’s fellow rally crier, Sen. Lindsey Graham. Graham had some strong words over the weekend on the topic of ISIS, saying,  ”This president needs to rise to the occasion before we […]

White House

He gaffes again! Biden praises disgraced former Senator Bob Packwood

Ranking Joe Biden gaffes is like running down the deck of the Titanic -- in the end it's just a race to the bottom and no one ever wins. And yet the vice president continues to provide more candidates for his greatest hits.

Joe Biden should never be allowed to support a Redskins name change

Imagine for a moment a tied Senate vote urging the Washington Redskins to change their team name. Into the chamber steps Joe Biden.

Gaffetastic vice-president apologizes for slur

Vice-President Joe Biden apologized Wednesday for his use of an ethnic slur in a speech this week.

Two remarkable stories show why these Vietnam vets earned an exemption to receive the Medal of Honor

Two Vietnam War veterans who were granted an exemption to receive the Medal of Honor were officially recognized Monday, recalling the extraordinary courage of servicemen often obscured by the tumultuous domestic politics of the era.

Obama orders airstrikes in Syria for first time

WASHINGTON (AP) — Opening a new military front in the Middle East, President Barack Obama authorized U.S. airstrikes inside Syria for the first time Wednesday night, along with expanded strikes in Iraq as part of a broad mission to root out the violent Islamic State militants whose reign of terror has spread across both countries.

Congress

Convicted felon running for Congress

Edwin W. Edwards recently spent nine years in prison after being convicted for extorting millions of dollars in exchange for riverboat gambling licenses, and now he's running for office.

Rand Paul: Millennials 'aren't as wedded to party'
Sen. Rand Paul (R – Ky.) seems to have the majority of millennials figured out. The presidential hopeful spoke with The Federalist this week about his foreign policy views and the shift toward libertarian views among millennials. “I think the libertarian influence, the libertarian-ish Republican, the libertarian conservatives in many ways is great for the […]
Democrats turn on Debbie Wasserman Schultz
POLITICO – Democratic National Committee Chairwoman Debbie Wasserman Schultz is in a behind-the-scenes struggle with the White House, congressional Democrats and Washington insiders who have lost confidence in her as both a unifying leader and reliable party spokesperson at a time when they need her most. Long-simmering doubts about her have reached a peak after two […]
'Finally, we're gonna audit the Fed'

The House passed a bill Wednesday afternoon to audit the Federal Reserve, a long-time crusade of former Rep. Ron Paul and libertarians.

No welfare for weed under House bill
WASHINGTON (AP) — The House passed a bill Tuesday night that could make it a little harder for people to use government welfare payments to buy marijuana in states where the drug is legal. Supporters call it the “no welfare for weed” bill. The bill would prevent people from using government-issued welfare debit cards to make purchases […]