Tags: budget | affordable | care | act

Sessions: Obamacare Will Boost Deficit By $6.2 Trillion

Tuesday, 26 Feb 2013 02:55 PM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The Affordable Care Act will increase the budget deficit by $6.2 trillion over the next 75 years, says Alabama Sen. Jeff Sessions, the ranking Republican on the Senate Budget Committee.

He spoke at a Budget Committee hearing Tuesday, taking his numbers from a new Government Accountability Office (GAO) report to show that Obamacare won’t shrink the deficit as its supporters claim.

"The report reveals the dramatic falsehoods that were used to push [the bill] to passage," Sessions said, according to The Hill.

Dick Morris: Protect Against ObamaCare with This Book

"The big tax increases in the bill come nowhere close to covering the bill's spending . . . The big-government crowd in Washington manipulated the numbers to get the financial score they wanted to get their bill passed and to increase their power and influence."

The Obama administration uses estimates from the Congressional Budget Office (CBO) to argue that Obamacare will indeed cut the deficit. In January 2011, CBO forecast that overturning Obamacare would increase deficit spending by $230 billion.

Meanwhile, Peter Roff, a contributing editor to U.S. News & World Report, writes that the healthcare law isn’t working out like it was supposed to.

“Costs are projected to go up, the number of people who have already lost their insurance has risen precipitously, and states are already beginning to warn they are facing a shortage of qualified doctors and other medical personnel, and may not be able to keep up with future demand,” he writes.



© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Suspect in Killing of Deputies Was Twice Deported

Saturday, 25 Oct 2014 23:04 PM

Federal authorities say a man suspected of killing two deputies during a shooting rampage in Northern California was dep . . .

IRS Seizes Money From Those Accused of No Crime

Saturday, 25 Oct 2014 22:34 PM

The Internal Revenue Service has been seizing money from the bank accounts of individuals and businesses with no proof,  . . .

US Struggles to Turn the Tide Against ISIS

Saturday, 25 Oct 2014 21:50 PM

After more than two months of air strikes, a U.S.-led coalition has prevented the fall of a northern Syrian town to Isla . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved