Dueling ObamaCare Pressers From Pelosi, Cantor
Nancy Pelosi is still pretending that ObamaCare will save money, while Eric Cantor, the incoming House Majority Leader, says the Congressional Budget Office was scamming us when it said the new law was a financial win.
Rep. Nancy Pelosi (D-Calif.) used her last day as speaker to launch a defense of health care reform, calling Republicans’ plans to repeal the law “very serious violence to the national debt and deficit.”
“If every American was very, very pleased with his or her health insurance, it still would have been necessary for us to pass the health reform care bill, because we could not sustain the system” she told reporters Tuesday morning. “The cost of health care, for individual families, for small businesses for corporate America, for our economy, and also for the federal budget, was unsustainable. And that’s why, this comprehensive health care reform, one of the main reasons it was necessary.”
Eric Cantor also met the press and attacked the CBO notion that the nation will turn a profit on universal health care.
The budget office projections showed the health care law reducing the federal deficit by about $140 billion over 10 years. And Mr. Cantor was pressed about how Republicans would offset the cost of repealing the law.
In response, he said the budget office did what it was asked to do by the Democratic majority and asserted that the law was full of “budget gimmicks” including provisions for 10 years of new tax revenues and spending cuts but only six years of added costs of subsidizing insurance coverage for Americans who cannot afford it on their own.