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CLASS Dismissed. Heh.

Discussion in 'News & Current Events' started by Bro. Curtis, Oct 14, 2011.

  1. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
    Site Supporter

    Oct 25, 2001
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    The CLASS Act’s demise, while all but inevitable, is disturbing on a number of levels. It’s hard to think of a more fitting example of how the budget process in Washington has been completely corrupted. What kind of depraved accounting scheme lets Congress enact into law a program that literally cannot sustain itself from the get-go? A program that the CBO, in accordance with an absurdly flexible set of budgetary rules, scored as deficit-reducing! Not only that, but the 10-year’s worth of CLASS Act premiums accounted for nearly half ($70 billion out of $143 billion) of the overall “savings” in Obamacare. In fact, the law might well have never passed without them, as they were included to give the (false) appearance of fiscal sanity. The good news is that Congress can do away with some the outrageous gimmicks that have fueled Washington’s fiscal recklessness by passing the Honest Budget Act. The better news is that the CLASS Act’s spectacular failure provides a significant boost for the Republican effort to repeal Obamacare in its entirety.

    Straight from the horses mouth.