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GAO Report: ObamaCare Will Add $6.2 Trillion to Long-Term Deficit

bd-gslo Wrote: Feb 26, 2013 11:13 PM
"Assuming the law is enforced as-is, the U.S. deficit will decline 1.5 percent as a share of the economy over the next 75 years, according to the GAO. Auditors attributed 1.2 percent of this improvement to the Affordable Care Act. Under a different set of assumptions, the law has the opposite effect over time, the GAO said — the deficit will increase by 0.7 percent of gross domestic product (GDP) if the law's cost-containment measures are phased out. Read more: http://thehill.com/blogs/healthwatch/health-reform-implementation/285009-gao-health-law-will-increase-deficit-if-cost-cutting-measures-"

Well in a not-so-surprising report from the Government Accountability Office, it turns out that ObamaCare is estimated to add another $6.2 trillion to the long-term deficit. The National Review says,

Senator Jeff Sessions (R., Ala.), who requested the report, revealed the findings this morning at a Senate Budget Committee hearing. The report, he said, “confirms everything critics and Republicans were saying about the faults of this bill,” and “dramatically proves that the promises made assuring the nation that the largest new entitlement program in history would not add one dime to the deficit were false.”

President Obama and...

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