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Sunday, July 19, 2009

Health Care Bill leaves $240 Billion Hole

President Obama's budget director on Sunday described a House bill on health care reform as "deficit neutral" even though it includes Medicare payments to doctors that would put the bill $240 billion in the hole over a decade.

Office of Management and Budget Director Peter Orszag insisted that Obama won't sign any health care reform that isn't paid for, but also said the legislation doesn't take into account savings that will be achieved in other bills to come. - FOX News Story

You can't pass a bill promising it to be Budget Neutral based on upcoming bills after this one is done. What kind of nonsense is that?

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