President Barack Obama used only-in-Washington accounting Wednesday when he promised to overhaul the nation’s health care system without adding “one dime” to the deficit. By conventional arithmetic, Democratic plans would drive up the deficit by billions of dollars.
The president’s speech to Congress contained a variety of oversimplifications and omissions in laying out what he wants to do about health insurance.
OBAMA: “I will not sign a plan that adds one dime to our deficits either now or in the future. Period.”
THE FACTS: …The long-term prognosis for costs of the health care legislation has not been good.
OBAMA: “Nothing in this plan will require you or your employer to change the coverage or the doctor you have.”
THE FACTS: …The Congressional Budget Office analyzed the health care bill written by House Democrats and said that by 2016 some 3 million people who now have employer-based care would lose it…
OBAMA: “Don’t pay attention to those scary stories about how your benefits will be cut. … That will never happen on my watch. I will protect Medicare.”
THE FACTS: Obama and congressional Democrats want to pay for their health care plans in part by reducing Medicare payments to providers by more than $500 billion over 10 years…
That one probably wasn’t supposed to make it past the editorial staff, and someone will probably get fired for it. But while the link’s still up, there’s much more, so read the whole thing.
Hat tip: Gateway Pundit