This story came and went fairly quickly on the international news (BBC) with barely a ripple here, which isn’t surprising since the Regime released this info at about 1:00 pm on Thanksgiving day when no one was paying attention. But it will be back, so as a matter of public service, I’m mentioning it.
Apparently, the bipartisan committee looking at budget cuts has been stumbling over shifting numbers in terms of money needed to support Obamacare. One of the Congressman, I believe a Democrat, finally realized that the numbers were based upon “assumptions” buried somewhere in the Obamacare law. So, the Regime was asked, about ten times or so, to identify the assumptions.
Apparently, there are three assumptions of some concern now that the info is available, and, by the way, you really have to dig in the law to find these assumptions, which suggest that they were intentionally buried to deceive Congress:
1. The Regime had anticipated that by the time Obamacare kicked in, unemployment would be down to about 6% or lower, meaning that the number of uninsured folk now known would be less, as more people would have employer-provided, as opposed to subsidized, insurance.
2. The Regime assumed that the new jobs created would be full time jobs, with benefits, consistent with other recoveries.
3. The Regime assumed that the economy would be growing at close to 4%, consistent with other recoveries, meaning that tax revenues would be higher, that the revenues could be applied to Obamacare, and that the whole thing would be relatively “cost neutral”
Assumptions are ok–they always exist in any legislation. Problem is, none of these assumptions have come to pass and it isn’t clear that they were reasonable assumptions. Meaning, that the committee now trying to find a way to balance cuts in social programming and defense are confronting a potential and new 18 billion dollar hole that has to be patched.
From where, one wonders?