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Thursday, December 19, 2013

Ryan-Murray Deal Increases Deficit by at Least $15.5B

http://www.breitbart.com/Big-Government/2013/12/17/Ryan-Murray-Double-Counting-Means-Deal-Increases-Deficit

Senate Budget Committee ranking member Sen. Jeff Sessions (R-AL) detailed on the Senate floor on Tuesday how Ryan and Murray used double counting accounting methodologies to make it appear as though they cut the deficit. Similar tactics, Sessions noted, have been used in big pieces of legislation like Obamacare.
In the section-by-section analysis of the Ryan-Murray plan that Senate Budget Committee GOP staff published on Monday, Sessions’ staff determined the amount of money double-counted in deficit reduction in this bill to be $28 billion.
“Sec. 101 also continues the sequestration of certain mandatory accounts required under the BCA [Budget Control Act] for an additional two years (2022 and 2023) to reduce deficits by $28 billion,” the Sessions’ staff analysis reads near the top of its second page. “Approximately $22 billion of that amount comes from extending the 2% Medicare sequester. This is a cut to health care providers—in other words, not a true reform—and it sunsets in 2023. A large part of the Medicare savings accrues to the Hospital Insurance (HI) Trust Fund for Part A, so the proposal uses trust fund savings to increase discretionary spending.”

Hmm isn't THEFT by DECEPTION a crime in America? obviously not!

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