I’ll preface this by saying that the budget deficit literally terrifies me. If the ultimate conclusion of running such a deficit is realized, the “crash” of 2008 will seem like mere child’s play compared to what we’ll be facing then, and I’m not entirely opposed to leaving and living somewhere else if that happens (and I’ve been thinking when that happens more and more). To indulge in euphemisms for a bit (since that is all politics seem to be these days…), both the party of “yes we can” and the “party of no” seemingly couldn’t care less, and that’s really been making me pull my hair out lately.
So imagine how close I came to throwing my coffee mug out the window this morning (but I didn’t, it’s good coffee after all) when I read these two statements made by our brand new Speaker of the House John Boehner:
C.B.O. [Congressional Budget Office] is entitled to their opinion (said in reference to his decision to shrug off the $230 billion price tag that C.B.O. put on the GOP’s plan to repeal the health care legislation enacted last year).
I do not believe that repealing the job-killing health care legislation will increase the deficit.
Forget the politics and ethical dilemmas of uninsured people vs. insured people, capitalism vs. socialism, etc. If it saves money that’s what our budget desperately needs! Even putting aside the whole “job-killing” thing that’s been lobbed around but hasn’t actually been substantiated, what I’m really wondering is this: how can one say they are going to take an action that will cost $230 billion, not devise any way to pay for that action, and then claim they are not going to add to the mounting deficit. Anyone?
One thing that I’ll give to the Speaker is this: he’s upfront about the fact that he will just pick and choose what evidence he accepts and what evidence he does not. C.B.O. is a nonpartisan Congressional agency charged with providing Congress the price estimates and/or savings it needs to determine whether proposed legislation is cost-effective or not. You didn’t see the GOP attacking it and deeming it irrelevant during any of the tax cut bills. Never mind the fact that the C.B.O. estimates costs and savings for every piece of legislation that is debated and passed through Congress and has done so since its inception…in this case, according to Mr. Boehner, the C.B.O.’s report is irrelevant. He doesn’t need to pay attention to it because he’s the Speaker! He can do what he wants! In the meantime, our budget deficit will continue to swell with neither Party seeming to care enough to try and stop it, and I will be looking at relocation costs to Tuscany, Italy, or Sydney, Australia. I certainly won’t be investing in stocks or 401K’s anytime soon (if ever with the way things are going).