“Late Friday afternoon, naturally, the Obama Administration formally conceded that it had shut down one of the Affordable Care Act’s major new entitlement programs. The Department of Health and Human Services had already closed down the office in charge of creating this insurance program for long-term care last month. But HHS Secretary Kathleen Sebelius’s act of fiscal damage control is still a welcome if overdue admission that ObamaCare’s claims of deficit reduction were always an illusion. ... Ms. Sebelius contended yesterday that ObamaCare will still “reduce the deficit,” and we’re eagerly anticipating the day when reality forces her to dump that falsehood too.”
— “Class dismissed” — The Wall Street Journal
“A majority of Americans disapprove of what President Obama has done in office. He promised hope and change but delivered disappointment and stagnation. The unemployment rate is stuck at 9.1 percent. The poverty rate is at 15.1 percent, tied for the worst performance since the Census started tracking numbers in 1959. White House policies of class warfare and redistribution are impoverishing America, and the public is starting to feel worked over. ... Companies need to have certainty that they will be able to keep the proceeds of their investments in the future before they will start hiring again and pay their employees more.”
— “The income problem” — The Washington Times
Comments (2)
Add commentIn its usual attempt to present all sides
the AJ has chosen excerpts from the WSJ, owned by Rupert Murdock and the Washington Times, founded in 1982 by Unification Church founder Sun Myung Moon, and has lost money every year that it has been in business. That's because financial success was never the intent of the Times.
Who is to be believed the WSJ or the CBO? The CBO maintains that the Affordable Care Act will reduce the deficit. At same time that the Republican voted to destroy the Affordable Care Act, the non-partisan Congressional Budget Office delivered an estimate on what repealing the Affordable Care Act would do to the federal budget: the federal budget deficit would go up $210 billion in the first decade, and roughly $813 billion in the second decade.
So House Republicans are making brutal spending cuts to domestic and foreign priorities, ostensibly because they're worried about the deficit, while at the same time trying to destroy a health care law that lowers the deficit.
Again, does one believe the Rupert Murdock owned WSJ or the non-partisan CBO?
rettch.....Not that difficult
rettch.....Not that difficult to lay a claim to "reducing the deficit" when the democrats will collect taxes for 10 years and only provide benefits for 6 years. What happens to the deficits during the second 10 years of obamacare when 10 years of benefits will be provided instead of only 6? Do you care or are you just acting like you care about spending and deficits? You don't care because you will blame the huge deficits due to obamacare and the democrats on the Republicans.
And do you remember that half of obamacare is supposedly paid for with $500 BILLION in cuts to medicare? Probably cuts that will never happen.