Health Care Reform REDUCES The Deficit And Debt

Posted by | November 17, 2010 00:36 | Filed under: Top Stories

By Yashwanth Manjunath

Yes, the headline is not a lie. Health care reform or “Obamacare,” as the RWNJ’s like to refer to it, reduces the federal deficit and debt substantially over time. According to a report released by the nonpartisan Government Accountability Office (GAO):

The federal government faces long-term fiscal pressures that predate the economic downturn and are driven on the spending side largely by rising health care costs and an aging population. GAO’s simulations show continually increasing levels of debt that are unsustainable over the long-term. Under the Alternative simulation, debt held by the public as a share of GDP would exceed the historical high reached in the aftermath of World War II by 2020. Both of these simulations incorporate effects of health care legislation enacted in March 2010, which includes a number of provisions to control the growth of federal health care spending. There is a notable improvement in the long-term outlook under the Baseline Extended simulation, which assumes full implementation and effectiveness of cost control provisions.

So Republican attempts to repeal health care reform will not only hurt millions of suffering Americans desperate for health care, it will also contribute to the bankruptcy of the country! But this should come as no surprise to any real deficit hawk. Anyone who actually cares about the debt and deficit knows that the Democrats have been the real party of fiscal responsibility over the past 30 years, and that manyRepublicans have been despicable liars on this issue. Those Republican voters who still need convincing can see for themselves in the extremely helpful chart below! Note that the worst deficit and debt increases of the past 35 years occurred under Reagan, Bush, and Bush Jr.

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