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CBO: Repeal of Heath Law Increases Budget Deficit

Besides working to make sure that President Barack Obama is a one term president, another top priority of Senate Minority Leader Mitch McConnell (R-KY) is the repeal of the entire health care bill, notwithstanding an indication from the non-partisan Congressional Budget Office (CBO) that this would add $140 billion to the budget deficit.

Senate Minority Leader, Mitch McConnell

During an address at the Heritage Foundation on Thursday, McConnell laid out what could be described as a three-pronged approach for rescinding the health care law: (1) Senate Republicans will “propose and vote on straight repeal, repeatedly,” (2) Republicans will hold votes “against its most egregious provisions,” (3) and House Republicans will work “on denying funds for implementation.” He admitted that “straight repeal” was unlikely, given Democratic control of the Senate and the White House, but promised to use oversight to continue his political grandstanding. “We may not be able to bring a repeal within the next two years and we may not win every vote against targeted provisions,” McConnell said, “but we can compel administration officials to defend this indefensible health spending bill and other costly government measures like the stimulus and financial reform.”

According to the Congressional Budget Office (CBO), repealing the entire health care bill would add $140 billion to the deficit and would also reverse the course of health care spending.

So much for McConnell and the rest of the GOP claiming to be fiscal conservatives and wanting to reduce the growing budget deficit!

See Video of Mitch McConnell’s address at the Heritage Foundation.

Read More Here

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