Skip to comments.Pelosi: ObamaCare 'largely responsible' for bringing down deficit
Posted on 05/14/2013 5:25:54 AM PDT by Sub-Driver
Pelosi: ObamaCare 'largely responsible' for bringing down deficit By Daniel Strauss - 05/14/13 07:51 AM ET
House Minority Leader Nancy Pelosi (D-Calif.) said Monday that President Obamas landmark healthcare reform law is helping to bring down the deficit.
"Many of the initiatives that he passed are what are coming to bear now, including the Affordable Care Act," Pelosi said in an interview with MSNBC's Chris Hayes. "The Affordable Care Act is bringing the cost of health care in our country down in both the public and private sector. And that is what is largely responsible for the deficit coming down."
The CBO reported last week that the federal budget deficit declined in the first seven months of fiscal year 2013 compared to 2012.
Pelosis comments come as the administration begins to roll out their healthcare reforms amid controversy and pushback from GOP lawmakers who have vowed to undo the law.
Republicans and Democrats have sparred over the effect of the healthcare reform law on the nations budget, with GOP lawmakers warning it will increase the deficit.
A February report from the Government Accountability Office (GAO) cautioned that the law could either increase or decrease the deficit depending on the success and implementation of numerous cost-cutting provisions in its language.
Republicans, however, seized on the report, arguing that its figures showed a likely $6.2 trillion deficit increase over the next 75 years, based on the end of cost-containment measures.
The administration, though, has cited estimates from the Congressional Budget Office (CBO) that the law will cut the deficit.
In February, the CBO said the law would cost $1.3 trillion over the next 10 years, but said that it would reduce the deficit through measures to raise revenue within the bill, including new fees on drug companies and savings from lower Medicare reimbursement rates.
In her interview, Pelosi also jabbed at lawmakers who have argued the best way to reduce the deficit is through cutting federal spending.
"So those investments are important. So when we turned away -- if you want to call frugality, we`re wise about how we spend, OK," Pelosi said. "If you want to, austerity, cut the public role, that does nothing except hurt the deficit.
They throw garbage against a wall because they can.
The media does not challenge them.
My medications have risen over 100% this year and I look forward to much higher bills in the future.
She was on MSNBC. That is why she gets away with it. Most people are getting used to crazy things coming from her. Kind of like Biden. You just shrug and say “consider the source”!
..isn't that just the opposite of what the CBO said?
BTW, the media is essentially lazy.
A lie takes a moment, but it takes work to research and bring out the facts to disprove it.
Reporters and news services are lazy. They won’t do the work.
Welcome to Nancy’s Fantasyland, where our deficit is under control because of a massive new entitlement. Now if the “rich” would just pay their “fair share” of taxes, the rest of the deficit will go away and we’ll have even more money to spend on Welfare and Food Stamps.
And then they vote for them again anyway.
We are about to live out John Wayne's proverb:
Life's hard, its even harder if you're stupid.
"When I use a word," Humpty Dumpty Pelosi said, in rather a scornful tone, "it means just what I choose it to mean neither more nor less."
I see the crazy aunt has escaped the root cellar again.
“And then they vote for them again anyway”. She represents San Francisco. Enough said.
This woman is laughably insane.
I see this stuff about Pelosi and wonder how in the heck the asylum hasn’t heard where she is by now, and come to pick her up.
Unbelievable, the woman sounds like she’s on drugs......
The woman is crazy....has lost all contact with reality.
The “Pelosi Book of Idiotic Comments” continues to get more pages.
She’s a raving lunatic. (nancy, too)
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