CHART OF THE DAY: Repealing ObamaCare Would Be Disastrous For The Budget
The Government Accountability Office has updated its fiscal outlook for the U.S. government and come to some familiar conclusions. The country has a long term imbalance that will have to be addressed, but not until today’s economic woes have passed. If Congress simply does nothing — and allows the Bush tax cuts, and other temporary laws to expire — the country’s fiscal health will improve significantly over the long term.
But the report implies something that’s been lost in the recent partisan debate over the country’s future: repealing ObamaCare would consign us to swift, ugly fiscal and health care crises.
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