A common refrain from the President and his Budget Director was “health care reform is entitlement reform.” And through two budget cycles, when senior Administration officials were pressed on their plans for deficit reduction, they always returned to the argument that health care reform would substantially improve the federal budget outlook.
CBO Director Dr. Douglas Elmendorf has shown this argument to be incorrect.
This is the best and most direct presentation I have seen on the subject. I commend Dr. Elmendorf for his honesty, clarity and bluntness. I wish he had been this blunt and this clear in February and March before these bills became law.
Exquisite timing, Doug.
The country's headed into a complete financial meltdown and you run the exposé precisely 11 weeks too late.