When republican lawmakers claim to be fiscally conservative, but vote over 50 times, at a cost of over $50 million, to repeal a law (Obamacare) that actually reduces the deficit, we are left with only one conclusion; they are boldfaced liars. Impact of repeal on federal budget projections In May 2011, the nonpartisan Congressional Budget Office (CBO) analyzed proposals to repeal the law. Mirroring its analysis of the law itself, the CBO estimated that repealing the entire law (both its taxing and spending provisions) would increase the net 2011–2021 federal deficit by $210 billion.[420][421] Revised CBO accounting, following the July 11, 2012, House repeal vote (H.R. 6079), and taking into account the impact of Supreme Court ruling, was consistent with its previous estimate: that repeal would cause a net increase in federal budget deficits of $109 billion over the 2013–2022 period.[422]
Posted on: Mon, 07 Apr 2014 16:09:43 +0000
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