The Well Kept Obamacare Secret: It's Good for the Deficit

This morning's New York Times signifies a new leap forward in editorial offices: Apparently, the editors have actually been reading one of the Times' own columnists, namely Paul Krugman. 

For some years, Krugman has been delivering a Jeremiad, saying the worst thing governments can do when faced with a recession is to stop spending and start trying to save, to start cutting government outlays.

The European Union did this over the past few years, cutting, singing the austerity song, only to provoke a slide into worse recession. The United States, well not the whole United States but the part of it which is the Republican majority in the House of Representatives, did what it could to imitate the European Union, pushing through a "sequester" and trying to push the country off the fiscal cliff, which hurt the economy some, but not as much as it would had there not been a little item called "Obamacare."

Here's a little secret: Obamacare has resulted in such dramatic cuts in health care spending that $1.6 trillion in budget savings are on schedule and the deficit has actually declined, despite a fall in tax revenues caused by the "sequester" and the Republican attempt at "austerity."

So, here's what the Times' editors have figured out: The Republicans, who are basically the Koch brothers and a lot of oligarchs who are supposed to be good at numbers and money and the economy are actually clueless, and they would shoot themselves not just in the foot, but about three feet higher up, thinking they are aiming the gun at the tax and spend Democrats.

Oh, well.

But keep it a secret, until after the election. Then it won't really matter. We'll have Kelly Ayotte and Scott Brown in the Senate letting the private sector lead the way. Tally ho!

Здравствуйте, Україна, від планети Нью-Гемпшир.

З різних причин відомим тільки Бог і inscrutable і невидимі Інтернет сил, більше поглядів The Phantom говорить і Хемптон Mad Dog демократ ніж зі Сполучених Штатів. У нас також невелика кількість хітів від Франції, Німеччині та Англії. Ми повинні повністю ігнорується Індії і весь субконтиненту. Південна Америка не має інтересу б то не було, але які б фігура, враховуючи закон взаємної незацікавленість. Але...Україна? Якщо хто-небудь в Україні пояснення скажена собака і привид б ціную почути про це.

З повагою

Фантом, esq.

Скажена собака