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 Obama’s 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.
Pelosi’s 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 nation’s 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.”
She’s blathering because she thinks she’s going to get the gavel back after the next elections.
If this old witch found a dollar on the street she would say it helps the deficit.
Because she only talks to her fellow morons in the media.
She is also talking to the morons (correct name for low information voters) in the audience who will sigh with relief that they don't have to give up their Obamaphones to get free health care because if Pelosi said it and it was on the news, it must be true.
I had a long dissertation written about how Nancy doesn’t understand how cause and effect works. I erased it after I realized that the real problem is that she’s just a greedy piece of s**t.
Still, we will run close to a trillion dollar deficit again this fiscal year.
The deficit has increased greatly under Obama and Obamacare will cause it to increase more.
I don’t know why I always seem stunned. That they say things like this....that they get away with it and don’t get laughed out of a room....that some LIVers (Low Info Voters) will hear it and believe it.
Here is the formula that causes liberals to say things like this:
Let’s you are filling a swimming pool with water. But we don’t want water in the pool. It’s a bad thing in this case. Puppies and Children are in the pool or something. When the pool gets full, it’s life and death......NOW....... A democrat cheers and runs to reporters to brag about reducing the flow of water into the pool from 50 gallons/per hour to 45 gallons/per hour.
“WE REDUCED THE WATER IN THE POOL!” - Democrat Politician
They have accomplished nothing. It’s numbers on paper. The Puppies and Children are doomed while democrats high five each other and dance with joy.
Now you are just promoting the lie as an art form... you succubus from hell.
LLS
The last cbo estimate was 4.7 Trillion over 10 years... I think?
LLS
Come on San Fran Nan, you told us a while back that food stamps and unemployment benefits were powerful economic stimulants. And now you come back and tell us Obamacare is responsble for increased tax revenues.
It’s all so confusing.
You answered your own question — not getting called on it is how she gets away with saying this stuff.
I’m surprised she can even make her lips move with all that botox in her face.
With the devil’s hand up her butt, animating every thing she does as a sock puppet for evil, she could probably fly too! get her a broom, she’ll show you!
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