My column in the newspaper this week:
Figures of St. George slaying the dragon decorate many European towns, yet the victim of his sword is the stuff of fiction. Less entertaining, but every bit as ubiquitous in U.S. media is Mitt Romney's defining himself as riding in on his white horse to save us from some beasts.
Like the dragon, some of his beasts are also mythological.
Reading the text of Mitt Romney's acceptance speech, in the calmness of black and white print, away from the feel good parts and the cheers, I was struck by the myths he proposed to slay.
Top among them was the disappearing $716 billion that President Obama was taking away from Medicare. Aside from the fact that Romney's running mate Paul Ryan had advocated the same cuts because they were waste, and even the fact checkers had agreed, Romney perpetuated the tale. As some fact checkers pointed out the cuts were a reduction in the future growth of Medicare and nothing was taken from benefits. As others noted, the savings gave eight more years to the life of Medicare soundness, closed the donut hole in drug coverage that had been costing seniors on the average of $600 a year, and removed the co-pay requirements for cancer screening and annual checkups.
The most fanciful myth of all was the GOP's reassurance that there would be no changes to those of us over 55, but the GOP plans would restore the donut holes and the co-pays.
The dragon of the tax hike to the middle class was another one Romney set himself up to slay. Strangely, Obama has also pledged not to raise taxes on the middle class. The difference lies in their definitions of middle class. To Obama it is those making under $250,000 per year; to Romney the middle class appears to begin with those making more than a quarter million a year.
The tax plan he embraced, per independent and respected analysts the Urban and Brookings Institutes, would raise taxes by $2,000 per year on those making less than what you and I would consider middle class families.
The myth of the apologetic foreign policy is another GOP concoction. Romney hit hard at Obama's Cairo speech in which he made an eloquent case for the principles of American democracy, the right to vote, freedom of the press and so many of those fundamentals that the Arab Spring that followed embraced as their own. In a most ironic twist, Romney claimed it was the U.S. muscle of yore that had liberated people from the shackles of dictators and we would in the future. But if they could, the rulers of Tunisia, Lybia, and Egypt and now Syria had no doubt wished the forces of democracy as defined by Obama had been kept tightly corked in the genie lamp. The U.S. lost no warriors in unhorsing those ogres; but to unseat Saddam Hussein by force in search of the mythical WMD, Bush cost us at minimum over $800 billion, 4,400 troops killed, and another $400 billion plus in the future to treat the 23,000 plus wounded.
Leading by finesse or behind as Obama has done has its infinite value.
The debt is not a myth. The GOP's myth has to do with the cause and the weapon used to slay it. Romney claims the cause of the debt is the undertaking of government expansion of health care, and Ryan says the way to get us out of debt it to take the sword to the social safety net. The Congressional Budget office looked at both the Ryan plan and Romney's pledge to kill Obamacare and concluded that doing either and both would increase the debt, not decrease it.
The tip of the GOP's weapon is pointed in the wrong direction.
WELCOME TO THE BLOG This blog reflects my views of current political issues.. It is also an archive for columns in the Sky Hi News 2011 to November 2019. Winter Park Times 2019 to 2021.(paper publishing suspended in 2021) My Facebook page, the muftic forum, posts blog links, comments, and sharing. Non-political Facebook page: felicia muftic. Subscribe for free on Substack: https://feliciamuftic.substack.com Blog postings are continuously being edited and updated.
Showing posts with label CBO on Obamacare costs. Show all posts
Showing posts with label CBO on Obamacare costs. Show all posts
Wednesday, September 5, 2012
Thursday, July 26, 2012
CBO:It will cost the deficit more to repeal Obamacare than to keep it
Well, GOP. Hope you are a little embarrassed this morning. The Congressional Budget Office “scored” the Republican bill just passed by the House to repeal Obamacare and the impact of the Supreme Court decision on the health care reform legislation. Since 2010, all we have heard from the GOP was that it would cost trillions and bankrupt us; we cannot take on a new entitlement program; we cannot afford it.
All along, the CBO had said “not true”; it would reduce the deficit. The Simpson Bowles report came to the same conclusion. The GOP response has always been: the Democrats just asked the CBO the wrong questions and tried to shoot the messenger on this one issue.
Yesterday, in a letter to House Speaker John Boehner, the Congressional Budget Office “scored” the repeal legislation and concluded that the deficit would be hurt more by repeal of Obamacare than if it was sustained in the form it is now. That is because the costs have a “pay for” and the cost savings built into the Affordable Care Act would relieve health care costs to the federal government. According to an Associated Press report, and carried in the Denver Post yesterday, repeal would itself “boost the deficit by $109 billion from 2013 to 2022.” From the letter by CBO director Douglas Elmendorf: “Repealing the health care law will lead to an increase in budget deficits over the coming decade”. Per the AP report: “The law’s mix of spending cuts and tax increases would more than offset new spending to cover the uninsured people, Elmendorf explained”. …”The Congressional Budget Office consistently projected that Obama’s overhaul will reduce the deficit…At the time it was approved in 2010, CBO estimated the law would reduce the deficit by $143 billion from 2010 to 2010…though the CBO gave no updated estimate …(but that) about3 million fewer uninsured people will gain health coverage because of last month’s Supreme Court ruling granting states more leeway, and will cut the federal costs by $84 billion”.
The next time you hear someone continue to claim Obamacare will drive us into bankruptcy, you can be justified in responding with “horse feathers”.
Note that I did not post yesterday’s column in the Sky Hi News. It was essentially a reworking of the blog regarding the Aurora theater massacre that I posted the morning after the tragedy.
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