Political Irony

Mitt Romney is now comfortable contradicting himself in the same statement.

Today, after the Supreme Court ruling on the ACA (ObamaCare), Romney said:

Obamacare raises taxes on the American people by approximately $500 billion. Obamacare cuts Medicare — cuts Medicare by approximately $500 billion. And even with those cuts and tax increases, Obamacare adds trillions to our deficits and to our national debt, and pushes those obligations on to coming generations.

As PolitiFact says while rating this statement False, “How is it that a law can raise taxes and cut spending, but also add trillions to the deficit?” It just doesn’t make any sense at all.

You would think someone with so much business experience would understand that if a company raises revenues and cuts expenses, that is going to decrease their debt load. Of course, increasing the debt load of companies they acquired was a speciality of Bain Capital, and is what made Romney rich.

PolitiFact points out that in 2010 the Congressional Budget Office projected that the ACA would lower the deficit by $124 billion over 10 years. And in 2011, when Republicans advanced a bill to repeal the ACA, the CBO projected that would increase the deficit by about $210 billion over 10 years.

© John Cole