Will Obamacare Really Ease the Debt Crisis?

Will Obamacare Really Ease the Debt Crisis?

If you’re deeply, dangerously in debt, how can it make sense to take on an extravagant new long-term commitment, even if you claim you’ve cut back other expenses to “pay for it?” That’s the underlying question about Obamacare that jubilant Democrats refuse to acknowledge.

Opponents of the sweeping health-care overhaul spent most of their time challenging the feeble arguments that allowed the administration to manipulate figures from the Congressional Budget Office to suggest that their reforms actually reduced the deficit. With a dubious combination of complicated new taxes and severe Medicare cutbacks, the president insisted that the costly new program (running...