Following President Obama’s State of the Union Address, Paul Ryan (R-Wisconsin) certainly voiced what many are thinking: we are at a perilous place with our national debt and we need to deal with it responsibly. He and I have different ideas of what constitutes responsible action.
Mr. Ryan said that, “…the President’s [healthcare] law is accelerating our country toward bankruptcy.” Where on earth did he get that idea? The non-partisan, respected-by-all-sides national number-crunchers (the Congressional Budget Office and Joint Committee on Taxation) have estimated “…that enacting both pieces of legislation [that make up the health-care law] will produce a net reduction in federal deficits of $143 billion over the 2010-2019 period.” And it will do this while simultaneously, “…reducing the number of non-elderly people who are uninsured by about 32 million, leaving about 23 million non-elderly residents uninsured” (http://www.cbo.gov/publications/collections/health.cfm). So we decrease the deficit while also reaching out and helping 32 million of our fellow Americans. I gotta say, that hardly sounds like accelerating the country towards bankruptcy.