Saturday, June 20, 2015

GOP hates the deficit ... until they need money to fund their priorities

We know: the GOP is always pissing and moaning about the deficit. But their own favored policy positions and legislative proposals would increase that deficit they claim to hate. The data on this comes not from The Nation or New Republic but from the Congressional Budget Office (CBO). Steve Benen at MSNBC/Rachel Maddow reports.

After several dozen pointless repeal votes, congressional Republicans haven’t exactly been subtle about their intentions towards the Affordable Care Act. In fact, with a major Supreme Court case pending, GOP lawmakers are once again considering new plans to try to "repeal Obamacare" all over again.

But everyone involved in the debate should be clear about the consequences. The effects on millions of families would obviously be brutal, but CNBC reports today on the fiscal impact on the nation.

The nonpartisan Congressional Budget Office said Friday that a repeal of the Affordable Care Act would over the next decade "probably increase budget deficits with or without considering the effects of macroeconomic feedback."

Depending on those economic considerations, the federal deficit could increase up to $353 billion over the next 10 years as a result of a repeal of Obamacare, the CBO said.

The same CBO report, available online here, found that if Republicans succeeded in scrapping the law, 19 million Americans would join the ranks of the uninsured by 2016. The total would grow by several million in the years that follow soon after.

As I've said before, in GOPlin land, when it comes to what to do after a repeal of ACA, "Plan? There ain't no plan."

As a political matter, GOP lawmakers and candidates take a degree of pride in their unhealthy obsession with repealing the Affordable Care Act, but in a more sensible climate, this repeal agenda would be considered scandalous – Republicans are effectively bragging about their plan to add hundreds of billions of dollars to the deficit while destroying the health security of tens of millions of Americans.

And then add to that the cost of the GOP wish list on tax reform, abortion control, and immigration - approaching another $200 billion.

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