This topic is about information related to the U.S. deficit and the National Debt. This is an area that NetAdvisor.org has covered in great depth due to the long term risks to the U.S. economy. Every tax payer and U.S. resident should be aware of the risks and implications of the U.S. deficit and National Debt.
Deficit
Fact Check: Is Health Care Really Driving Down the Deficit?
Fact Checking the Fact Checker.
President Obama said that healthcare costs are going down, and tried to cite the Congressional Budget Office (CBO) numbers. The math here is a complete fantasy because major factors are excluded from the CBO’s projections.
The CBO has been wrong and grossly underestimated the costs of ACA (ObamaCare from the start).
The CBO then said the annual deficit should go down by $286 Billion but also noted the national debt would go *UP* by $7.6 Trillion. If one is spending more than they have, that is called a deficit. There is no deficit reduction here.
One cannot leave out major factors that are part of a math problem (calculating interest expense, and calculating other costs such as healthcare) and then say healthcare is lowering the deficit while proving no math to substantiate that claim. Read more / see the deficit chart)…