GAO: National Debt Would Skyrocket If ACA 'Obamacare' Not ImplementedQuicklink submitted by Amanda Lang Permalink
Become a Fan
|The Government Accountability Office, which audits federal spending, has concluded that the national debt would rise precipitously if President Obama's health care legislation doesn't go into effect. A report titled 'The Federal Government's Long-Term Fiscal Outlook' states that several parts of the health plan 'were designed to control the growth of health care costs. The full implementation and effectiveness of these cost-control provisions... would slow the growth in federal health care spending over the long term.' If the legislation were thrown out, though, the forecast becomes considerably more gloomy. The report does not go into detail about the consequences of an invalidated law -- but as TPM reports, it clearly implies that 'if key cost-control measures in the law, and other automatic cuts to Medicare spending baked into current law, are ignored, or overridden by Congress...|
The time limit for entering new comments on this Quicklink has expired.
This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.