The Congressional Budget Office’s official estimate of the
monster law known as Obamacare was that it woudl reduce the deficit
by $143 billion over the standard ten-year budget window.
Conservatives everywhere pointed out that this was a sham, largely
induced by Congressional Democrats delaying spending while
increasing revenue immediately, such that most of the
spending in the law didn’t kick in until after 2014.
The response from the Left was uproarious: “pish tosh.”
Yesterday, Kathleen Sebelius announced that the Administration
was suspending the CLASS Act, a legacy of Ted Kennedy and one of
the largest culprits of budget gimmicks mentioned by conservatives.
By collecting premiums for four years before actually implementing
the program, CLASS included $70 billion of deficit reduction. With
the Obama Administration’s suspension of the program, the deficit
reduction from Obamacare has been cut in half.
The CLASS Act was, of course, completely tangential to the key
provisions of Obamacare and was included as a part of the
consolidated health care legislation solely as a way of
achieving the CBO score that Democrats wanted. In the same way that
the “doc fix” was dropped and Medicare cuts were included. these
programs that have little to do with the core provisions - the
mandate, community rating, guaranteed issue, Medicaid expansion and
premium subsidies - were Congress’ ways of rigging the CBO
score.
It’s important to remember: the fault lies not in the CBO, but
in the way that Democrats structured the law to game the score. The
medium-term deficit is worse off for the killing of the CLASS Act,
but the country is in better shape. It was a program designed to
fail.
Pecos Pete| 10.16.11 @ 7:30AM
Repeal ALL of ObamaCare. Repeal, repeal, repeal!
Solo| 10.16.11 @ 7:51AM
"It's important to remember: the fault lies not in the CBO, but in the way that Democrats structured the law to game the score. The medium-term deficit is worse off for the killing of the CLASS Act, but the country is in better shape. It was a program designed to fail."
The whole of Obamacare was designed to fail--if you accept the premise, as offered by the democrats, that this 'legislation's" purpose was to make Health Care more affordable.
It was designed to make it so expensive that it would eventually drive everyone into the Government insurance pool and then they would own us all!
It needs to be repealed, lock, stock and barrel. Our very lives may depend on it.
Bill Hussein O'Stalin| 10.16.11 @ 5:04PM
It didn't have to be designed to fail.
It's central economic planning and that always fails anyway.
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AVCurmudgeon| 10.17.11 @ 11:36AM
I just can't help but wonder what gives Sebelius the authority to repeal a portion of the legislation unilaterally. CLASS is the law. Doesn't Congress have to repeal it? I know that's simplistic, but ... leave CLASS officially unrepealed and it ends up just sitting there, ready to be restarted when Sebelius gets in the mood. Congress must make it official.
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