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Paul Ryan: Health Care Law is a Fiscal House of Cards

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Uploaded on Jan 18, 2011

"The previous Majority gave the CBO a bill full of smoke and mirrors. Here is what the CBO said when you take away the smoke and mirrors: Proponents of this massive increase in the size and scope of government want us to ignore the fact that there are $70 billion in CLASS Act premiums that are being double-counted, $53 billion in Social Security taxes that are being double-counted, $115 billion in new appropriations required to build the bureaucracy that was not counted, $398 billion in Medicare cuts that are being double-counted. And let's not forget the fact that Democrats originally included, but then stripped out the $208 billion "doctors' fix" in an attempt to ignore its cost. When you take away the smoke and mirrors, this law results in a $701 billion deficit increase."

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