February was not kind to supporters of the liberal agenda. In the span of four weeks, the nonpartisan Congressional Budget Office (CBO) released four separate reports, each concluding that misguided big government policies are hurting American businesses and families.
CBO first reported in early February that President Obama’s healthcare law will drive millions out of full time work and push our ballooning national debt to $27 trillion dollars. A second report released by the CBO concluded that a mandated hike in the minimum wage to $10.10 would kill 500,000 jobs, mostly for low-wage workers. And a third report suggested that the federal Highway Trust Fund will fall some $100 billion short of meeting obligations in 2015 – thanks in large part to policymakers’ desire to spend money on such pressing transportation priorities as horse trails and covered bridges. Finally, a fourth report concluded that the President’s “recovery” has been largely ineffective.
The good news is that these CBO reports have vindicated much of what conservatives have been saying for a long time: that liberalism and its expensive panacea of government-centric solutions are not the answer to America’s issues. The bad news is that many of our political leaders seem unfazed by these recent revelations, and remain determined to push forward with counter-productive policies that will restrict economic opportunity and push America even further into an ocean of red ink.
President Obama’s healthcare law, undoubtedly the determinant of his legacy, has done little more than fall flat on its face. Democrats repeatedly promised America they could keep their health plans and doctors. President Obama promised premiums for the “average family” would fall, and that Obamacare would not add “one dime” to the deficit. We now know all of these statements were lies. And then CBO confirmed that deficits will climb in the next ten years, while millions of Americans will be pushed out of full-time work.