Good News from Nancy Pelosi: Obamacare's Looking Pretty Awesome

Posted: May 15, 2013 3:46 PM

Nancy Pelosi famously said that Congress had to pass Obamacare to find out what was in it.  And what's in it is pure awesome, even if Americans haven't been able to comprehend its fully glory just yet:

The way she tells it, the law is already lowering costs -- and is "largely responsible" for lowering the deficit.  Hoo boy.  Obamacare is not lowering healthcare costs; not for families, not for small businesses, and not for the federal government.  And while it's true that this year's projected deficit has been shaved down to merely quadruple the last fully Republican-controlled budget shortfall, Obamacare has nothing to do with it.  In fact, the nonpartisan GAO estimates that the law will add $6.2 trillion to deficits over time.  Don't forget, Harry Reid is complaining that the law is under-funded. (And, by the way, our long-term debt problem remains as acute as ever -- particularly because of our unsustainable entitlement obligations).  Pelosi has also claimed that Obamacare is a big job creator, a statement that even the White House's favorite economists can't swallow, to say nothing of CBO estimates....or assessments from Democrats who voted for the law.  So how's the Obamacare jobs boom going in Missouri?

"This all stems from the Affordable Care Act."

Meanwhile, the investigation into HHS Secretary Kathleen Sebelius' potentially-illegal extortionary "fundraising" for the law is well underway, as the scandal- and incompetence-plagued IRS prepares to take the reins as Obamacare's top enforcement arm next year.  Yes, that's the same IRS that's just been slapped with a class action lawsuit alleging that more than a dozen agency employees are responsible for the theft of 60 million private healthcare records.  But aside from those details, all is well.

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