Worth Noting

Fact Check: Double Counting

October 11, 2012

Just received this email from Chris Jacobs, Senior Policy Analyst, Joint Economic Committee, Senate Republican Staff, which is worth noting:

Vice President Biden just claimed that Obamacare’s $716 billion in Medicare spending reductions strengthened the Medicare program. That’s not what the Congressional Budget Office said. The non-partisan CBO said that the Medicare reductions in Obamacare “will not enhance the ability of the government to pay for future Medicare benefits” – because those savings will be used to fund other unsustainable entitlements. If the President wants to use the Medicare savings provisions to extend the life of the Medicare trust fund – and not to fund the new entitlements created by the law – the Congressional Budget Office previously estimated what the fiscal impact would be: “A net increase in federal deficits of $260 billion” through 2019.

Even President Obama himself admitted this irrefutable logic in a 2010 interview, when he stated that “You can’t say that you are saving on Medicare and then spending the money twice.”

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