Keeling on Twitter yesterday:
I assume Barton was talking about the cost of the bill over ten years, and not how much it reduce the deficit during that period.
Regardless, he’s wrong on both aspects.
According to the Washington Post, the CBO scoring shows the reconciliation version of health care bill:
will cost $940 billion over the first 10 years and reduce the deficit by $130 billion during that period.
This bill is not only fully paid for, but it actually reduces the overall federal deficit more than any single budget by John Kasich ever did.
In the second ten years, the CBO scores that the health care reform bill will reduce the deficit by $1.2 trillion dollars.
This health care bill is a bigger deficit reducing than John Kasich’s entire congressional career.
But why should we trust the CBO?? Well, according to John Kasich’s former House Budget Committee Staff Director, the CBO traditionally gives more reasonable and conservative budget and economic assumptions.
Health care reform is slated to outdo everything John Kasich has even proposed doing to reduce the federal deficit.
Oh, and as for reconciliation (a process used to change legislation to help reduce the deficit) being abused by the Democrats in passing health care reform?
To put this in context, that’s more deficit reduction than either the House or Senate bill, and more coverage than the Senate bill.
In other words, the reconciliation process isn’t being abused, just used as intended.