ObamaCare will NOT reduce the deficit

ObamaCare will not reduce the deficit regardless of what the CBO (Congressional Budget Office) says. Here's why:

At Reason.com, economist Veronique de Rugy rued the “fantasy at work in many official health care cost projections," including a purposely limited report from the CBO that the [NY] Times and Democrats have used to argue ObamaCare as a cost-saver. de Rugy wrote:

"[The CBO report] assumes that Medicare’s sustainable growth rate mechanism, which would have reduced physician payments by 21 percent in 2010 alone, actually takes effect. Medicare reimbursement rates are legislated to decline over time but basically never do. Instead, Congress routinely enacts what's known as the ‘doc fix,’ or upward payment adjustments. As Politico reported in May, ‘In 2010 alone, Congress has already headed off three scheduled payment drops – in January, March and April.’ In fact, as the CBO notes, Congress has kicked the can down the road on payment reductions yet again, putting off the reduction in payment rates until at least December 2010.

ObamaCare doesn't reduce medical costs under even the rosiest of scenarios (that is, projections that take seriously all its creators' assumptions). What we can be certain of is that this legislation increases the amount of money taxpayers will be forced by law to pay for health insurance to the tune of $420 billion over the next 10 years. Claims about ObamaCare’s deficit-reduction effects depend on new taxes growing even faster than new spending. Despite the persistent claims of Peter Orszag and other defenders of the president's health care legislation, ObamaCare has nothing to do with cutting costs."

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Let me repeat that last phrase: "ObamaCare has NOTHING to do with CUTTING COSTS." [Emphasis added.]

Congress gets at least one repeal of ObamaScare right!

Recently the U.S. House of Representatives passed legislation repealing the Independent Payment Advisory Board (IPAB) created by the President's healthcare law. The IPAB would have been a powerful new board of 15 unelected and unaccountable bureaucrats whose job will be to save money by setting reimbursement rates for specific procedures – giving them the power to deny care to seniors. The law required no public comment or transparency prior to a decision and the board is authorized to make unilateral decisions that should be made by patients and their doctors.

Will this repeal pass the Senate? Will Obama sign it if it does get through the Senate?

Keep your eyes and ears open.

The Case for Cuts

Chris Edwards, writing in the headline article for the Cato Policy Report, says,

“To avert a Greek-style fiscal train wreck, we need much larger spending reforms than the leaders of either party are currently talking about. Most experts agree that we need to reform Social Security and Medicare, but the reality is that we need to pursue cuts in every federal activity from A to Z – from agriculture subsidies to the National Zoo. We should cut entitlement benefits, aid to the states, subsidies to individuals and businesses, and military spending. In many cases we should eliminate whole programs, or privatize activities where possible to remove them from the federal budget altogether.”

Edwards is the director of tax policy studies at the Cato Institute and editor or www.DownsizingGovernment.org.

Part of the legacy of George W. Bush and the Republican Congress

Under George W. Bush and the Republican-controlled Congress there was an explosion in the growth of big government on virtually every front. Large increases in spending were accompanied by huge deficits and a doubling of the national debt. Corporatism exploded, too, in the form of bailouts and there was increasingly centralized power in education, expansion of Medicare and rapid growth in government regulation.

George W. Bush did not veto a single spending bill in his eight years in office.

Still fighting the Obama machine on health care

Here's a letter I just sent to multiple newspapers by employing Pres'ent Obama's technology machine AGAINST his agenda.

You can do the same by CLICKING HERE.

To: Minneapolis Star Tribune, St. Paul Pioneer Press, Rochester (MN) Post-Bulletin, Finance and Commerce, Minnesota Daily, and the Wall Street Journal

Subject: Americans are waking up

Americans are waking up to the fact that the so-called health care "reforms" current before Congress are not reforms at all. The legislation is nothing more than a federal takeover of a huge economic sector and another step toward socialism.

Socialist/collectivist action has never built a great nation. The only evidence of history is that such action is only capable of consuming the wealth of nations -- national wealth and welfare that has been built through individual effort and initiative in the context of personal liberty and economic freedom.

Take another look at the fraud and waste in the current Medicare program and ask if we really want to enlarge that kind of "government efficiency" (falsely so-called) for more Americans.

Stop and think! We need to stop this hugely expensive boondoggle that will do nothing but aid in the destruction of the U.S. economy as we have known it.