Sen. Kent Conrad, D-N.D., called it “a Ponzi scheme of the first order, the kind of thing that Bernie Madoff would have been proud of.” Five other Democratic Senators joined Conrad in a letter that said, “We have grave concerns that the real effect of the provisions would be to create a new federal entitlement with large, long-term spending increases that far exceed revenues.”
Unfortunately, they all eventually voted “yes” on Obamacare. But the bipartisan opposition to CLASS is evidence that its repeal is possible.
The program hasn’t taken effect yet, so there’s still time for lawmakers to fix their mistake and repeal the CLASS Act. Better yet, they should scrap Obamacare entirely and fix health care one small step at a time. The alternative is to burden Americans with massive expansion of government interference in health care that we can’t afford.