"Gingrich Signs Pledge To Increase Deficit By Billions"
Lost in all the coverage of Newt Gingrich’s Sunday follies about Paul Ryan’s Medicare reforms and his support for an individual health insurance mandate is this little goodie from Gingrich telling supporters that he had signed a pledge to repeal the Affordable Care Act:
Yesterday in Mason City, Iowa, I signed the Obamacare Repeal Pledge, sponsored by the Independent Women’s Voice and American Majority Action.
Obamacare is such a massive and complex power grab of a law that there are countless specific reasons to oppose the law.
I’ll spare you the reasons — which you can read by clicking over to his newsletter — and just reiterate that any effort to repeal the health law would greatly increase the number of uninsured and blow up the deficit — complicating the GOP’s spending discipline persona.
In fact, according to the Congressional Budget Office (CBO), the GOP’s much-touted repeal would “cause a net increase in federal budget deficits of $210 billion over the 2012-2021 period” and increase the number of uninsured by 33 million, “leaving a total of about 57 million nonelderly people” without coverage. The CBO also offers its own bit of irony for Gingrich: by repealing the coverage provisions in the Affordable Care Act, the he may be lowering the government’s commitment to health care over the first ten years, but because he’s also going after the cost control measures in the law (and growing Medicare outlays), Gingrich would increase the government’s involvement over the next ten:
However, CBO projects that enactment of H.R. 2 would increase the federal budgetary commitment to health care in the decade following the 10-year projection period. The estimated effect in later years differs from that in the first decade because the effects of those provisions that would tend to increase the federal budgetary commitment to health care (such as the increase in Medicare spending and the repeal of the excise tax on insurance policies with relatively high premiums) would grow faster than the effects of provisions that would tend to decrease it (primarily the repeal of the coverage expansions).
“I am unequivocally for repealing the whole bill. I don’t trust the Washington process. I wouldn’t want to try to repeal part of it, because I wouldn’t trust the folks who are around at two o’clock in the morning cutting the final deals,” Gingrich clarified yesterday during an appearance on Hugh Hewitt radio show.