“Oh, Naaaaancy! Naaaancy!

Today,the Congressional Budget Office made this announcement, as reported by The Hill:

“The new healthcare law will cost the nation the equivalent of 2.5 million workers in the next decade, the Congressional Budget Office (CBO) estimated in a report released Tuesday. The nonpartisan agency found the healthcare law’s negative effects on the economy would be “substantially larger” than what it had previously anticipated. It said the equivalent of 2.3 million workers would be lost by 2021, compared to its previous estimate of 800,000. It also projected that labor force compensation would be reduced by 1 percent from 2017 to 2024 — twice its previous estimate — and that declining economic growth would add $1 trillion more to deficits.”

Well, of course. We, and by we I mean intelligent, objective people who pay attention to history and know how government programs work, knew this revelation, or some version of it, was coming along sooner or later. And yet, when the Affordable Care Act was being debated and railroaded through Congress–and that is a fair description of the strong-arm, gimmick-driven, dishonest and anti-Democratic manner in which  it was passed—critics who said the law would increase the deficit and the debt, not reduce them; that it would lose jobs, not create them, and that it would retard economic growth, not boost it were savaged by the media, commentators and Democrats, called obstructionists, cruel, liars and worse.

I particularly remember MSNBC’s Rachel Maddow, arguably the most credible of her far left colleagues, furiously railing, while serving as a reporter at the Republican National Convention, about the utter dishonesty of GOP speakers who kept saying—in defiance of the CBO projections, mind you!—that the AFA would increase the deficit, not reduce it. Chris Matthews, to give credit where it’s due, intervened and said, in essence, ‘Well, now Rachel, you have to admit that the record of big federal programs has not been good in this respect.’ No, she wouldn’t admit it. Continue reading →