Wednesday, May 01, 2013

OBAMACARE FAIL (AGAIN):
Washington has a bipartisan tradition of overspending in the current year while enacting spending cuts and tax increases that will take effect in later years. Those “out-year” measures make the ten-year budget figures appear more responsible than they would if current-year policies were continued. When the out-year spending cuts and tax hikes are due to take effect, Washington rescinds them, and the cycle begins again. Congress has postponed planned cuts in Medicare physician payments every year for the past decade. This year, Obama rescinded cuts the PPACA would make to private Medicare plans, and both parties are lining up to repeal the law’s medical-device tax and the board it would create to reduce Medicare spending.
I'm reminded of J. Wellington Wimpy: "I'll gladly pay you Tuesday for a hamburger today."

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