CBO: Best Way To Cut Deficit - Eliminate ObamaCare

Discussion in 'Politics' started by pspr, Nov 15, 2012.

  1. pspr


    A Congressional Budget Office report on ways to reduce the deficit, released last week to help guide budget negotiators in the upcoming "grand bargain" talks, contains one eye-opening item.

    It turns out that the single biggest pot of potential deficit savings available to lawmakers is ... ObamaCare.

    In its list of "options to reduce mandatory spending" and cut the deficit, the CBO says that repealing ObamaCare's massive insurance subsidies would cut federal spending by $150 billion in 2020 alone. Repealing the individual mandate would save another $40 billion that year, the CBO says

    No other single spending cut proposal on the CBO's list — and no tax hikes under serious consideration in Washington — comes close.